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Apple Reports $1.14 Billion Profit For Q4 2008
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2008-10-22 18:03:46
As MacRumors reports across various posts, Apple announced its financial results yesterday for the 4th quarter of fiscal 2008. It was an impressive quarter for the iPod maker.
Highpoints:- Apple posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share (compared to a revenue of $6.22 billion and net quarterly profit of $904 million in the year-ago quarter)
- Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter
- International sales accounted for 41 percent of the quarter's revenue
- Apple shipped 2,611,000 Macintosh computers during the quarter, representing 21 percent unit growth and 17 percent revenue growth over the year-ago quarter
- The company sold 11,052,000 iPods during the quarter
- 6,892,000 iPhones were sold compared to 1,119,000 in the year-ago quarter
- Apple has met its goal of selling 10 million iPhone by end-of-year 2008
- iPhone was responsible for 39% of the company's revenues in Q4 2008 (remarkable for a product that has been on the market for only 15 months)
- Apple sold more iPhones than RIM sold Blackberries in Q4 2008
- In terms of revenue, Apple is now #3 amongst mobile phone vendors behind Nokia and Samsung
- In short Apple generated $4.5 billion in revenue from iPhones and generated $3.x billiob from Mac sales
"Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone -- we sold more phones than RIM," said Steve Jobs, Apple's CEO. "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt." Go Apple!
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