Record Apple Earnings- Again, Recession?!?!

21 07 2008

Last quarter was the best June quarter in Apple’s history in both earnings and profits, but the real news is that Steve actually promised new products later this year: “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.” Apple never comments on future products in any way, shape or form. Ever ever. Whether he’s alleviating investor worries or just feeling especially open, it’s a rare, if not totally unheard of Apple move. Check out how much money Apple’s bean counters are dealing with and speculate what new toys are on the way below.

Apple Reports Record Third Quarter Results
Revenue Up 38 Percent Year-Over-Year
Mac Sales Reach All-Time High

CUPERTINO, California—July 21, 2008—Apple® today announced financial results for its fiscal 2008 third quarter ended June 28, 2008. 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.




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