Apple First Quarter 2008: Record $1.58 Billion Profit

written by: Wikigiz_Fan | category: Apple | posted: 01/23/08

Apple posted revenue of $9.6 billion and net quarterly profit of $1.58 billion or $1.76 per diluted share during the 1st quarter of 2008 (ending December 29th). These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion or $1.14 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 31.2 percent in the year-ago quarter. International sales accounted for 45 percent of the quarter’s revenue.