Apple Announces iProfit Much™
by John Paczkowski
Posted on July 21, 2008 at 2:14 PM PT
Turns out, Apple CFO Peter Oppenheimer was a bit conservative in his last fiscal outlook for the company. He predicted third-quarter earnings of $1 per share on revenue of $7.2 billion. A few moments ago, Apple posted earnings of $1.19 per share on revenues of $7.46 billion.
The company shipped 2,496,000 Macs during the quarter, 41 percent more than it did during the year-ago quarter. Quarterly iPod sales were 11,011,000, 12 percent more than one year ago. Quarterly iPhone sales were 717,000, compared with 270,000.
“We’re proud to report the best June quarter for both revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO, recycling his oft-recyled “best quarter ever” soundbyte. “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’s (AAPL) guidance for the current fourth quarter was as conservative as its guidance for the third. The company said it expects $7.8 billion in revenue and earnings per share of $1. That’s well below below the $1.24 a share in profit and $8.3 billion in sales anticipated by analysts.
