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Apple Announces $1.07 Billion in Profit for Q3 2008 on Wed Jul 23, 2008 1:02 pm
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http://www.macrumors.com/2008/07/21/apple-announces-1-07-billion-in-profit-for-q3-2008/
Apple announced their 3rd Quarter 2008 Financial Results today. Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion (or $1.19 per diluted share). This compares favorably to revenue of $5.41 billion and net quarterly profit of $818 million (or $.92 per diluted share) in the year-ago quarter. Apple shipped 2,496,000 Macintosh computers and 11,011,000 iPods this quarter.
"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."
Looking to the fourth fiscal quarter 2008, Apple expects to earn a revenue of $7.8 billion and earnings per diluted share of about $1.00.
Apple's financial results webcast will begin at 5pm ET / 2pm PT.
"Loose lips sink ships."
