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 1st

Wed,1:10 PM
How to ‘Heart’ Your Favorite Apple Watch in the Store App
11:01 AM
Dolby VP Mike Rockwell Jumps Ship for Apple
9:50 AM
Google Maps Brings Pac-Man to Your Neighborhood
8:50 AM
iOS 8: Manually Adjusting Your iPhone Camera’s Exposure
Tue,7:54 PM
Game of War: How to Play and Win a Casino Event
5:46 PM
Jeff’s Comprehensive Mac Backup Guide
5:20 PM
Add Up to 128GB of Storage to Your Macbook With The Nifty Drive: $32.99
3:15 PM
The New Microsoft Surface 3 Tablet Hits the Mark
1:40 PM
Satechi 10 Port Premium Aluminum USB 3 Hub Includes Charging Ports
1:35 PM
TMO Daily Observations 2015-03-31: Tidal’s Entry into the Streaming Music Game
11:55 AM
Amazon Wants to Turn You Home into a Web Store with Dash Buttons
11:05 AM
Adonit, Evernote Intro Higher Precision Jot Script 2 iPad Stylus
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!