Comments on: 8.7 Million iPhones Sold in Q1 2010 -- Apple Financial Results

By: che

che — Sun, 28 Mar 2010 21:40:45 +0000

According to Numberof.net there are 42 million iPhones sold so far.

By: adijuh

adijuh — Wed, 27 Jan 2010 13:02:28 +0000

look forward to continue adijuh.ru

By: adijuh

adijuh — Wed, 27 Jan 2010 13:01:45 +0000

long wanted to read about

By: jsbull

jsbull — Tue, 26 Jan 2010 15:35:56 +0000

I this explains why the stock hasn't moved much. Hopefully Wednesday will send it skyward.

Apple's upside comes from accounting shift 5:31p ET January 25, 2010 (MarketWatch)

SAN FRANCISCO (MarketWatch) -- At first glance, it looks like Apple Inc.'s fiscal first quarter was a serious barn burner, as its revenue and earnings per share numbers widely surpassed Wall Street's expectations.

Apple reported fiscal first quarter revenue of... On that basis, the quarter looks like a major blow-out.

But it appears that Wall Street's first quarter estimates don't include the positive impact of a major new accounting rule related to revenue recognition for certain products, namely how Apple can now account for sales of its popular iPhone and Apple TV.

The new accounting rules let Apple recognize substantially all of the revenue and product cost for the iPhone and Apple TV when those products are delivered to customers. Apple had been using subscription accounting, which deferred significant amounts of revenue and cost of sales related to those devices over a longer period.

Apple's quarter was actually pretty much on target, when one looks at the unit sales of its devices. IPhones, iPods and Mac computers sold pretty much in line with analysts' forecasts for the period.

That may explain why the stock was trading down in the after-hours on Monday. In any event, most Apple watchers are just biding their time until the company's big event on Wednesday, when it will supposedly unveil its tablet computer. Until then, it's pretty much wait-and-see.

Therese Poletti

By: Gregg

Gregg — Tue, 26 Jan 2010 05:14:58 +0000

They wanted 10 million. So it's no wonder the investors aren't as happy. Although 10 million in one qtr is an ass load of phones.

By: Goma

Goma — Tue, 26 Jan 2010 04:01:48 +0000

@Earless Puppy

LOL hehehe, anything that pays bonuses, except the fluffer job.

By: duke

duke — Tue, 26 Jan 2010 03:41:26 +0000

pureness by iPhone, scratch that pureness by Apple. and way to defend AT&T. good to see that relationship is strong

By: icebike

icebike — Tue, 26 Jan 2010 02:19:14 +0000

Analysts don't see iPhone sales quite as rosy as Apple would like you to believe. In fact they are seeing signs of a slow-down of growth:

http://www.businessweek.com/news/2010-01-25/apple-needs-record-iphone-sales-to-appease-investors-update1-.html

Apple sold a record 8.7 million iPhones and 3.36 million Macs in the holiday shopping season, which has been Apple’s biggest sales quarter for the past four years. The iPhone and Mac together account for more than 60 percent of revenue.

Gene Munster, an analyst with Piper Jaffray & Co. in Minneapolis, said investors were looking for about 8.8 million iPhones and 3.1 million to 3.2 million Macs.

Some investors were expecting iPhone sales of 10 million, said Shaw Wu, an analyst at Kaufman Bros. in San Francisco. “The Mac number looked good and was impressive,” he said. “IPhone shipments were light.”

By: Sting7k

Sting7k — Tue, 26 Jan 2010 02:00:10 +0000

Companies can set their fiscal years anytime they want. The calender has no bearing really. The US gov fiscal year runs from September to September.

By: Mctui

Mctui — Tue, 26 Jan 2010 01:43:24 +0000

I thought Q1 means Jan till April instead of christmas holidays ????????

By: Earless Puppy

Earless Puppy — Tue, 26 Jan 2010 01:35:24 +0000

@Goma Like what janitorial services? Lunch room help? Fluffer for El Jobso?

By: Goma

Goma — Tue, 26 Jan 2010 01:15:23 +0000

Are there vacancies at Apple for non-developer jobs?

By: Hilti

Hilti — Tue, 26 Jan 2010 01:05:19 +0000

My god that's some iPhones sold. Let's see how the new iPhone will do when it's released. Http://appulous.eu

By: Frazam

Frazam — Tue, 26 Jan 2010 00:38:07 +0000

What is Orange Canada?

By: Sainte

Sainte — Tue, 26 Jan 2010 00:29:55 +0000

Most companies begin their 1st quarter for a new year in Oct. to include holiday sales

By: frog

frog — Tue, 26 Jan 2010 00:17:31 +0000

500% increase in Asia Pacific... Well that explains why it seems like EVERYBODY has an iPhone here! :p

The "tablet" stuff, well that's just cruel they way they are teasing us.

By: Batty

Batty — Mon, 25 Jan 2010 23:59:08 +0000

Thats friggin crazy man - 8.7m phones!! I guess I'm trying to figure out how the Q1 could end in January! LOL

By: Windoo

Windoo — Mon, 25 Jan 2010 23:45:31 +0000

First