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
Tue Oct 21, 2008 6:06 pm Subject: wonders never cease?
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated November 8th
- Sat, 7:58 PM
- News - Apple TV 3.0.1 Update Fixes Missing Content Bug
- Fri, 7:45 PM
- Rumor - Taiwan Leak Shows Verizon UTMS/CDMA iPhone for Q3 2010
- 6:40 PM
- News - iPhone Moves Into RadioShack
- 6:30 PM
- News - Apple to Open Stunning Paris Apple Store in Le Louvre on Saturday
- 5:43 PM
- Free on iTunes - Dictionary, Dictionary, Dictionary, And More
- 4:09 PM
- John Martellaro's Blog - Particle Debris (week ending 11/6) Failure IS an Option
- 3:32 PM
- Games - The Latest App Store Games: Gravity Sling, RocketBird, Ground Effect, Checkers!
- 2:25 PM
- Games - Star Soccer 2010 for Mac Puts Gamers in Role of Up-and-Coming Player
- 2:15 PM
- How-To - The Mysteries of Rosetta Housekeeping
- 1:33 PM
- News - iPhone Game Developer Sued for Collecting User’s Cell Numbers
- 1:17 PM
- Games - Warhammer Online Expands Trial Play Option
- 11:19 AM
- Rumor - Apple May Be Bringing RFID to the iPhone
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: Get the Right Memory for Your Mac Top Quality, Competitive Price, Lifetime Backed Free Expert Support + Installation Videos too! MacBook & mini 8GB, iMac 16GB, Mac Pro up to 32GB. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
