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New iPhone, Pricing Spur Apple Q3 Profit

21 Jul, 2009 By: Erik Gruenwedel

Skyrocketing sales of the new iPhone 3G S smart phone helped Apple Inc. post third-quarter (ended June 27) income of $1.23 billion, up nearly 15% from income of $1.07 billion during the prior-year period.

The Cupertino, Calif.-based technology giant said it was the best non-holiday quarter in its history.

Apple said it sold 5.2 million iPhones, which represented a 626% unit growth over the year-ago quarter. Apple does not separate unit sales between the iPhone 3G and iPhone 3G S.

Apple sold 2.6 million Mac computers during the quarter, representing a 4% unit increase over the year-ago quarter. The company sold 10.2 million iPods during the quarter, representing a 7% unit decline from the year-ago quarter.

Apple said it has sold 8 billion music downloads on the iTunes Store since its launch. The company did not disclose sales of movie and episodic TV programming downloads.

The Digital Entertainment Group (DEG) last week said first half 2009 revenue for electronic sellthrough (which includes iTunes) totaled $196 million.

Apple posted revenue of $8.34 billion, up 11.7% from revenue of $7.46 billion last year.

“We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year,” said Apple CEO Steve Jobs, in a statement.

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