The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Announces FY08 Q4 Earnings With Adjusted Sales of US$11.7B

Apple Announces FY08 Q4 Earnings With Adjusted Sales of US$11.7B

by , 4:40 PM EDT, October 21st, 2008

Apple, Inc. announced its fiscal fourth quarter earnings results on Tuesday. The company posted revenue of US$7.9B and a quarterly profit of $1.14B. The company shipped 2.611 million Macs, 11.05 million iPods and almost 6.9 million iPhones.

Because Apple uses "subscription accounting" for iPhone and Apple TV, the adjusted sales were reported as US$11.68B.

"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, 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," Apple reported.

"We're very pleased to have grown revenue 35 percent and to have generated $9.1 billion in cash in fiscal 2008," said Peter Oppenheimer, Apple's CFO. "Looking ahead, visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter. We are providing a wide range for our guidance, targeting revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35."

Watch for continuing coverage of Apple's earnings report later this afternoon.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:gslusher Posts: 2088 Joined: 13 Nov 2002
Subject:

One note: Steve Jobs said on the call that the iPhone actually beat RIM in unit sales for the quarter and, in terms of revenues, Apple became the third-largest mobile phone provider in the world.

Close Name:Tiger Posts: 1018 Joined: 17 Jun 2003
Subject: wonders never cease?

Apple's stock is trading UP $10 in afterhours trading after their quarterly report. I can't remember the last time that happened. Usually, it's a $10 drop.

Comment on this Article


You cannot edit your comments.   You cannot delete your comments.

Comments are currently closed. Please email the author instead.


Recent Headlines - Updated July 9th

Thu, 3:50 PM
Ted Landau's User Friendly Blog - User Interface Blues
3:42 PM
Reports - Chrome OS Complicates Apple & Google Boards of Directors
1:08 PM
Deal Brothers - Life ‘09 Software Drops to $59.99 Delivered
11:06 AM
News - TechRestore Posts Stop-motion iPhone 3GS Breakdown
10:17 AM
Hot Forum Topic - Parallels versus Fusion: Reader Favorites
9:32 AM
Product News - LaCie Unveils LaCinema Rugged HD Multimedia Hard Drive
8:54 AM
Product News - CheckUp 2.5 Adds Snow Leopard, New Mac Support
8:37 AM
News - Latest Microsoft Ad Hits at MacBook Price Again
8:06 AM
TMO Appearances - TMO’s Jeff Gamet Dives into Social Media at CoMUG
7:30 AM
The Back Page - Looking Ahead at the App Store’s Future
Wed, 6:48 PM
Games - Pipe Mania Puzzle Game Released for Mac, iPhone
5:36 PM
Product News - Apple Releases Safari 4.0.2 with Nitro JavaScript Engine Improvements

The Mac Observer Reader Specials

  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!