Apple Reports Record Quarterly Revenue

dell takes a slice at apple with super thin latitude z dellz closed

At a time when many giants of the technology sector are laying off workers, scaling back operations, and trying to weather the global economic downturn, media darling Apple just had to be different. The company has announced its financial results for its first fiscal quarter of 2009—and it was the company’s best quarter in history. Apple pulled in $10.17 billion during the quarter with a net profit of $1.61 billion, with operating margins of 34.7 percent. The quarter marks the first time Apple quarterly revenue has exceeded $10 billion.

“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history–surpassing $10 billion in quarterly revenue for the first time ever,” said Apple CEO Steve Jobs, in a statement.

During the quarter, Apple sold over 2.5 million Macintosh computers, 4.36 million iPhones, and more than 22.7 iPod media players. Mac sales represent a year-on-year growth of 9 percent; iPods were up 3 percent year on year and iPhones were up 88 percent year-on-year—although that figure is slightly misleading because the iPhone 3G was only introduced in mid-2008, and its availability on a variety of carriers worldwide means its sales are far higher than the first-generation iPhone.

Apple is being conservative with future revenue forecasts, projecting next quarter will bring revenue of $7.6 to $8 billion.

The solid financial news comes at a potentially difficult time for Apple, as CEO Steve Jobs announced he will be taking a leave of absence until June 2009 to address his personal health—leaving many industry watchers to wonder what Apple’s plans might be for replacing Jobs if he is unable to return as CEO. Reports are also circulating the the Securities and Exchange Commission is launching a preliminary inquiry into Apple’s disclosure—or lack of disclosure—of information about Jobs’ health and how the information may have impacted investors.

Apple COO Tim Cook is heading up the company in Jobs’ absence; Cook also helmed Apple while Jobs recovered from pancreatic cancer in 2004.

Product Review

Can the Samsung Space Monitor save you from your cluttered desk?

High-concept monitors can sometimes over-complicate thing. Samsung's Space Monitor, however, tries to fix that problem by lifting the monitor off and away from your desk.
Computing

Amazon drops killer deals on certified refurbished MacBook Pros for today only

Amazon is offering discounts of up to $320 off on four refurbished 2018 MacBook Pros as part of its current Deal of the Day promotion. Interested customers can snag two different MacBook Pros with 256GB of SSD storage for $1,330 each.
Computing

The Dell XPS 13 headlines the best laptop deals for May 2019

Whether you need a new laptop for school or work or you're just doing some post-holiday shopping, we have you covered: These are the best laptop deals going right now, from discounted MacBooks to on-the-go gaming PCs.
Computing

HP drops killer deals on laptops with up to $1,300 off for Memorial Day Weekend

HP is currently dropping prices on Spectre x360, Envy, Pavilion, and Omen laptops during its Memorial Day event. So if you're in dire need of a new laptop, the latest holiday savings may be exactly what you're looking for.
Computing

Keep your kids safe online with these great parental control tools

The internet can be a dangerous place, especially for your loved ones. Check out our selection of the best free parental control software for Windows and MacOS, so you can monitor your child and block unsavory sites.
Computing

These external drives have speed, durability, and storage space to spare

Whether you want an external storage drive that is fast, portable, or comes with a ton of storage, these are the best external hard drives available today. They all come with great features and competitive pricing.
Deals

Best Memorial Day sales 2019: Amazon, Best Buy, and Walmart drop discounts

If you're looking to save big on some shiny new stuff for Memorial Day 2019, we've gathered everything you need to know into one place. Find out where to save the most money before the summer hits its stride.
Computing

The 2019 ThinkPad lineup is robust. Here's how to pick the right one for you

Be it the X series, the T series, E series, it can be tough to find the best Lenovo laptop that is right for you. To help, we'll break down all the options available to make your choice a more informed one.
Computing

Here’s how to watch AMD reveal its new Ryzen chips at Computex

AMD will be holding a pre-Computex keynote on May 27 to announce its new line of 3rd-generation Ryzen processors and accompanying Radeon Navi graphics cards. Here's how to watch the keynote live wherever you are in the world.
Computing

Should you buy a MacBook Pro or a Razer Blade Stealth? We'll help you decide

Laptop head to heads are a great way to see which one might be the right one for you. Our latest sees the Razer Blade Stealth (2019) vs. MacBook Pro in a fight to see which one deserves to be your next laptop.
Computing

AMD's latest Navi graphics cards are incoming. Here's what to expect

AMD's Navi graphics cards could be available as soon as July 2019 — as long as it's not delayed by stock problems. Billed as a successor to Polaris, Navi promises to deliver better performance to consoles like Sony's PlayStation 5.
Computing

Ryzen 3000 chips will pack a punch, and could be launched as early as July

AMD's upcoming Ryzen 3000 generation of CPUs could be the most powerful processors we've ever seen, with higher core counts, greater clock speeds, and competitive pricing. Here's what we know so far.
Mobile

Want to watch Netflix in bed or browse the web? We have a tablet for everyone

There’s so much choice when shopping for a new tablet that it can be hard to pick the right one. From iPads to Android, these are our picks for the best tablets you can buy right now whatever your budget.
Deals

The best Amazon Prime Day 2019 deals: Everything you need to know

Amazon Prime Day 2019 is still a few months off, but it's never too early to start preparing. We've been taking a look at the best discounts from previous Prime Days to give you our predictions of what to expect this year.