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Record revenue and earnings for Apple on huge iPod sales — but iPhone sales miss expectations

Wed, Jan 21, 2009

Consumer Electronics

Apple’s first quarter earnings came in today. Once again, Apple set a new quarterly revenue and earnings record for the company. Sales of the iPod also reached record levels for the quarter ending December 27, 2008. One number that didn’t beat many analysts’ expectations however: iPhone sales.Specifically, Apple posted revenue of $10.17 billion GAAP and $11.8 billion Non-GAAP (for more on what that means, see this post). Quarterly profit was $1.61 billion or $1.78 per diluted share on the GAAP s

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Record revenue and earnings for Apple on huge iPod sales — but iPhone sales miss expectations

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