Apple Reports Record Third Quarter Results

Apple:

The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter. Gross margin was 34.8 percent, down from 36.9 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.

Apple shipped 2,496,000 Macintosh computers during the quarter, representing 41 percent unit growth and 43 percent revenue growth over the year-ago quarter. The Company sold 11,011,000 iPods during the quarter, representing 12 percent unit growth and seven percent revenue growth over the year-ago quarter. Quarterly iPhone units sold were 717,000 compared to 270,000 in the year-ago-quarter.

41 percent year-over-year growth in Mac sales. Astounding. Where does this growth end?

iPod sales are up, too, which is interesting, given the iPhone. (These iPhone numbers are irrelevant, in that this year’s numbers cover the quarter leading up to the iPhone 3G, for much of which time iPhones weren’t even available for sale. And last year’s numbers for Q3 only covered the first two days the iPhone was available for sale.)

★ Monday, 21 July 2008