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 Reports Best Quarter in Company History

Apple Reports Best Quarter in Company History

by , 5:00 PM EST, January 22nd, 2008

Apple reported its first quarter earnings report Tuesday afternoon, with US$9.6 billion in revenue, making it the best quarter in the company's history. The Mac, iPod, and iPhone maker also reported a net quarterly profit of $1.58 billion, or $1.76 per diluted share.

Apple CEO Steve Jobs commented "We're thrilled to report our best quarter ever, with the highest revenue and earnings in Apple's history."

The company shipped 2.319 million Macs in the quarter, for a 44 percent unit growth and 47 percent year-over-year growth. 22.121 million iPods shipped for a five percent unit growth rate and 17 percent growth rate compared to the same quarter last year. Apple also sold 2.315 million iPhone during the quarter beating Wall Street's two million estimate.

Apple managed to show a $2.5 billion revenue increase, or 35 percent, compared to the same quarter last year.

"Our strong results produced cash flow from operations of over $2.7 billion during the quarter, yielding an ending cash balance of over $18.4 billion," according to CFO Peter Oppenheimer.

Looking forward, Apple is guiding for $6.8 billion in revenue with about $0.94 EPS for its second quarter of 2008.

Apple is currently trading after hours at $141.50, down 14.14 (9.09%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated April 19th

Sun,12:05 PM
MGG 549: Cool Stuff Found
Fri,5:54 PM
Canadian Bankers Balk at ‘Onerous’ Apple Pay Terms
5:52 PM
How To Enable Stealth Mode in Yosemite
4:36 PM
Ben & Jerry’s Spoofs Apple’s ‘1984’ Commercial to Promote BRRR-ito
4:25 PM
Understand What Apple is Achieving or Get Left Behind
4:10 PM
MiFi 2 Unlocked Global Hotspot: $99
1:22 PM
TMO Daily Observations 2015-04-17: Don’t Hold Your Breath for In-store Apple Watch Sales
10:45 AM
Apple PR Veteran Steve Dowling Promoted to VP
9:37 AM
Apple Watch Training Workshops Coming to Apple Stores April 24
8:55 AM
OS X Yosemite Photos: Showing Your Recently Deleted Items
Thu,9:10 PM
Scott Forstall Advising Snapchat, Earning 0.11% of Company
7:36 PM
USB ChargeDoubler Mini Charging Cable Seeks Funding
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!