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.

Recent TMO Headlines - Updated February 21st

Tue, 9:00 AM
Stress Blocks: $14.99
Tue, 5:19 AM
Rumors about March Apple Event for iPhone SE and iPads Get Serious
Mon, 7:24 PM
Game of Thrones 'A Dance with Dragons' iBooks Enhanced Edition on Preorder
Mon, 5:53 PM
Returning to U.S. With iPhone? What Are Your Rights?
Mon, 4:48 PM
Hidden Folks is the Whimsically Fun Hidden Object Game You Need on Your iPhone and iPad
Mon, 4:31 PM
macOS Sierra: Delete And Reinstall 1Password To Refresh Certificate [Update]
Mon, 4:05 PM
TMO Background Mode: Interview with Open Source Developer & Former Apple Manager Jordan Hubbard
Mon, 2:10 PM
Apple's Facial Recognition Plans, the AI Race - TMO Daily Observations 2017-02-20
Mon, 1:36 PM
How to Mod a Porsche 911 or Other Car to Run Doom in 3 Easy Steps
Mon, 12:01 PM
Apple Buys RealFace, but that Doesn't Mean We're Unlocking iPhones with Our Face Yet
Mon, 9:00 AM
iOS 10 and Swift 3 Starter Bundle: $45
Sun, 12:16 PM
Don't Fear The Wi-Fi – Mac Geek Gab 645
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!