Apple Q4 2008 results

In an announcement of results for its fourth fiscal quarter for 2008, Apple has posted revenue of $7.9 billion, generating profit of $1.14 billion, or $1.26 per diluted share. Apple contrasts these figures with numbers from the same quarter last year, when the company recorded $6.22 billion in revenue, and net profits of $904 million. Gross margins for Q4 2008 are said to have been 34.7 percent, an increase from those of 2007, which were only 33.6 percent. International operations are said to have accounted for 41 percent of quarterly revenue.

Revenues and cost of goods for the iPhone and Apple TV have once again been deferred, as dictated by GAAP; adjusting for this, non-GAAP measures are said to be $11.68 billion of adjusted sales, and $2.44 billion of adjusted net income.

Mac shipments amounted to approximately 2,611,000 million, a 21 percent unit increase over Q4 2007, and a 17 percent revenue growth. iPod shipments numbered at 11,052,000, an 8 percent unit increase, and a 3 percent revenue growth. iPhones shipped during the quarter reached 6,892,000, which Apple notes is several times the 1,119,000 delivered in 2007.

The company further breaks its revenue down by noting a 35 percent increase in revenue for all of fiscal 2008, generating a total of $9.1 billion in cash. Looking towards the next quarter, Apple is guiding towards revenue between $9 and $10 billion, with earnings per diluted share somewhere between $1.06 and $1.35.

by MacNN Staff