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Apple defies gravity: Quarterly profit rises 31%

Discussion in 'News' started by Echo419, July 21, 2008.

  1. Echo419

    Echo419 FS Owner

    Apple today reported a 38% jump in revenue and a 31% gain in profit in its fiscal third quarter, mostly due to the strength in sales of its Macintosh line of computers.

    For the quarter ended June 30, Apple said it had revenue of $7.5 billion, compared with $5.4 billion in the same quarter last year. Profit was $1.1 billion, or $1.19 a share, compared with $818 million, or 92 cents, last year. International sales accounted for 42% of the quarter's revenue, Apple said.

    Apple said it shipped 2.5 million Macintosh computers, up 41% from a year earlier. And the company saw a 12% jump in iPod sales, selling 11 million in the quarter. It sold 717,000 iPhones in the quarter, compared with 270,000 during the year-earlier period, which ended only two days after the iPhone first went on sale.

    [​IMG] View Full Article: Los Angeles Times
     

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