News: Apple Quarterly Results - Their best ever!
Just in from Apple... Looks like their best results ever.
CUPERTINO, Calif., Jan. 22 /PRNewswire-FirstCall/ -- Apple(R) today
announced financial results for its fiscal 2008 first quarter ended December
29, 2007. The Company posted revenue of $9.6 billion and net quarterly profit
of $1.58 billion, or $1.76 per diluted share. These results compare to revenue
of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted
share, in the year-ago quarter. Gross margin was 34.7 percent, up from 31.2
percent in the year-ago quarter. International sales accounted for 45 percent
of the quarter's revenue.
Apple shipped 2,319,000 Macintosh(R) computers, representing 44 percent
unit growth and 47 percent revenue growth over the year-ago quarter. The
Company sold 22,121,000 iPods during the quarter, representing five percent
unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly
iPhone(TM) sales were 2,315,000.
"We're thrilled to report our best quarter ever, with the highest revenue
and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We have an
incredibly strong new product pipeline for 2008, starting with MacBook Air,
Mac Pro and iTunes Movie Rentals in the first two weeks."
"Apple's revenue grew 35 percent year-over-year to $9.6 billion, an
increase of almost $2.5 billion over the previous December quarter's
record-breaking results," said Peter Oppenheimer, Apple's CFO. "Our strong
results produced cash flow from operations of over $2.7 billion during the
quarter, yielding an ending cash balance of over $18.4 billion. Looking ahead
to the second quarter of fiscal 2008, we expect revenue of about $6.8 billion
and earnings per diluted share of about $.94."
Apple will provide live streaming of its Q1 2008 financial results
conference call utilizing QuickTime(R), Apple's standards-based technology for
live and on-demand audio and video streaming. The live webcast will begin at
2:00 p.m. PST on Tuesday, January 22, 2008 at
http://www.apple.com/quicktime/qtv/earningsq108/ and will also be available
for replay.
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