Apple Posts Record Quartely Profits

January 23, 2008 at 9:53 am Leave a comment

     Apple has posted its fiscal Q1’08 results and it’s clearly the best quarter ever for the Cupertino company. Apple sold 2.3 million Macs, 2.3 million iPhones, and 22 million iPods totaling a gross revenue of $9.6 billion and $1.58 billion in net revenue. Revenues for the quarter were up 35% year-over-year. The consensus analysts earnings per share ( EPS ) estimates was $1.63 while Apple handily beat that figure posting $1.76.

     Apple, however, guided Wall Street lower for fiscal Q2’08 with revenue of $6.8 billion and earnings of 94 cents a share while analysts were expecting revenue of $6.98 billion and EPS of $1.09. Another disappointment: iPod growth year-over-year was up a mere 5%.

Read more details from Apple

D.S.

Entry filed under: AAPL shares, iPhone, iPod, Laptop. Tags: , , , , , .

Piper Jaffray: Quarterly iPod Shipments Below Expectations Apple Stock Dives Despite Record Earnings

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Categories

Eye On Apple RSS Feed


%d bloggers like this: