Apple First Quarter 2008: Record $1.58 Billion Profit

Apple was posted revenue of $9.6 billion and net quarterly profit of $1.58 billion or $1.76 per diluted share during the 1st quarter of 2008 (ending December 29th). 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.

Here are the sales records.

  • 2,319,000 Macs shipped (44% unit growth and 47% revenue growth)
  • 22,121,000 iPods shipped (5% unit growth and 17% revenue growth)
  • 2,315,000 iPhone sales

The 2nd quarter expectations, however, fall short of analyst projects.

Apple was posted revenue of $9.6 billion and net quarterly profit of $1.58 billion or $1.76 per diluted share during the 1st quarter of 2008 (ending December 29th). 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.

Here are the sales records.

  • 2,319,000 Macs shipped (44% unit growth and 47% revenue growth)
  • 22,121,000 iPods shipped (5% unit growth and 17% revenue growth)
  • 2,315,000 iPhone sales

The 2nd quarter expectations, however, fall short of analyst projects.

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