iPhones and Macs boost Apple's fourth quarter performance


iPhones and Macs boost Apple's fourth quarter performance

Rebecca Thomson

Apple has posted better than expected results with strong sales of both iPhones and Macs.

Its fourth quarter results, for the three months ending September 26, saw revenue of $9.87bn and profit of $1.67bn.

This is an increase last year's figures, which were $7.9bn and $1.14bn.

The growth was boosted by the iPhone, with 7% growth in units sold from the same period last year. The company sold 7.4m of the smart phones. Mac computers also performed well, with 3.05m units sold - a 17% increase on a year ago. Sales of iPods fell 8% to 10.2m units.

Steve Jobs, Apple's CEO, said, "We are thrilled to have sold more Macs and iPhones than in any previous quarter," said. "We've got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010."

Despite the recession, Apple's revenue grew by 12% while profit jumped by 18% in a year.

CFO Peter Oppenheimer said, "Looking ahead to the first fiscal quarter of 2010, we expect revenue in the range of about $11.3 billion to $11.6 billion."

Smart phone sales have boosted Apple's profits throughout the downturn, with sales rocketing during 2009.

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