Apple continues record run

Mac and iPod sales fuel $1bn quarter

Shaun Nichols in San Francisco, vnunet.com 22 Jul 2008

Apple has reported yet another record earnings haul, logging $7.46bn in revenue between April and June and a total profit of $1.07bn.

"We are proud to report the best June quarter for both revenue and earnings in Apple's history," said chief executive and co-founder Steve Jobs.

"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."

The iPhone rang in its first birthday with sales of 717,000 units. Last year, the iPhone made its debut two days before the close of the quarter and logged 270,000 sales.

The iPhone 3G smashed that two-day mark earlier this month when it surpassed one million units in its first three days.

However, the company credited sales of 11 million iPods and 2.49 million Mac computers with pushing it to the record quarter.

Mac sales accounted for $3.6bn in revenues, just under half of the total for the quarter.

The iPod, meanwhile, logged $1.67bn in revenues from unit sales of 11 million. Other revenue sources included iPhone, iTunes, software and peripheral sales.

International customers also played a major role in the big quarter. Apple estimated that some 42 per cent of its revenues were from outside the US.

"We are extremely pleased with the growth of our business and the generation of almost $5.4bn in cash in the first three quarters of fiscal 2008," said chief financial officer Peter Oppenheimer.

"Looking ahead to the fourth quarter of fiscal 2008, we expect revenue of about $7.8bn and earnings per diluted share of about $1."

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