Wednesday, January 23, 2008

Apple reports best quarterly revenue and earnings in its history

Announcing financial results for its fiscal 2008 first quarter, which ended December 29, 2007, Apple today posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share. These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. In attaining its highest revenue and earnings in company history, Apple shipped 2,319,000 Macs, a 44% unit growth and 47% revenue growth over the year ago quarter; sold 22,121,000 iPods, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter; and sold 2,315,000 iPhones in the quarter.

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[Source: Apple Hot News]