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Apple results reveal record iPhone sales
Posted on 22-Oct-2008 11:49. | Tags Filed under: News.

Apple results reveal record iPhone sales
Apple has announced financial results for its fiscal 2008 fourth quarter ended 27th September 2008 - and the company is happy about it.

“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.”

The Company posted revenue of US$7.9 billion and net quarterly profit of US$1.14 billion, or US$1.26 per diluted share. These results compare to revenue of US$6.22 billion and net quarterly profit of US$904 million, or US$1.01 per diluted share, 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 same period, representing eight percent unit growth and three percent revenue growth over the year-ago quarter.

Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter.

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