Apple reports Q4 tallies
October 21st 2008
Apple has announced results for its fourth fiscal 2008 quarter. Thereupon, the company posted a $1.14-billion or $1.26 per share, a rise of 26% year-over-year on revenues of $7.9-billion.
"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."
Here are a few bullet points:
• Gross margin of 34.7% vs 33.6% last year
• International sales accounted for 41%
• 2.6-million Macs sold, 21% unit growth
• 11.7-million iPods sold, up 8%
• 6.892-million iPhones sold, more than RIM (6.1m)
• 200-million AppStore downloads
• If Apple accounted for iPhone revenue in the quarter it was generated, the iPhone would have accounted for 39% of revenues last quarter
Tune in to the conference call, which is live now.
Editor's note: Mac results are about one to 200,000 below most of the estimates I've seen, which I though would spook punters. The company's iPhone results are, however, quite stellar, and iPod sales seem to have hit the mark.
As of this writing AAPL was up $13 in after-hours trade.
