Apple Reports $1.14 Billion Profit for Q4 2008

http://www.macrumors.com/2008/10/21/apple-reports-1-14-billion-profit-for-q4-2008/

Apple announced their financial results today for the 4th quarter of fiscal 2008 . Apple posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.

Apple shipped 2,611,000 Macintoshcomputers 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 just reported one of the best quarters in its history, with a spectacular performance by the iPhone -- we sold more phones than RIM," said Steve Jobs, Apple's CEO. "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt."

Apple will provide live streaming of its Q4 2008 financial results conference call at a 2:00 p.m. PDT.

http://www.apple.com/quicktime/qtv/earningsq408/

apple is still growing

yep. let's hope they continue to do this well

thats pretty amazing that they can post numbers like that in an economy this bad.

yeah i know. i don't think other companies are doing this good

i dont think so. some are doing good, but many are suffering.

but every companies' stock price is down big time for the year

yea thats certainly true, but i think it will gradually go up.

that may be, but it's not looking like it will go up anytime soon. they are saying that it will continue to go down for right now

yeah its dwindling pretty bad right now, but maybe after the first of the year it will go up.

let's hope so

keep it going

21:26 up 34 days, 23:29, 3 users, load averages: 1.74 1.71 1.65

i hope it continues to get better

i hope we don't have a crash in the stock market anytime soon again

well we still haven't recovered from this crash yet

yeah i know, but we want to keep gradually going up

yeah, we need to recover soon and economically, we definitely need a turnaround

well some days it goes up a little, but then it goes right back down

pickin it up then we put it back down

exactly