Apple hails 'record' quarter

First quarter of 2009 sees vendor turnover $10bn for the first time ever

Beating the downturn: Apple surpassed £10bn turnover for the first quarter of 2009

Apple has posted ‘record’ financial results for its first quarter 2009.

Turnover, for the quarter, ended 27 December, stood at $10.17bn for the quarter and profit was $1.61bn. This is compared to $9.6bn revenue and profit of $1.58bn in the same period a year ago.

Mac sales increased by nine per cent over the quarter, and iPod sales grew three per cent. The biggest growth area was the iPhone, which saw sales increase by 88 per cent.

Steve Jobs, chief executive of Apple said: “Even in these economically challenging times, we are incredibly pleased to report out best quarterly revenue and earnings in Apple history.”

Looking ahead chief financial officer Peter Oppenheimer predicted revenue of between $7.6bn to $8bn in the second quarter of 2009.