Apple sold 1,703,000 iPhones during the second quarter
Apple sold 1,703,000 iPhones during the second quarter. (c) Apple Inc.
Technology
A smarter way to make ultraviolet light beams — Existing coherent ultraviolet light sources are power hungry, bulky and expensive. University of Michigan researchers have found a better way to build compact ultraviolet sources with…
Biocompatible graphene transistor array reads cellular signals — Researchers have demonstrated, for the first time, a graphene-based transistor array that is compatible with living biological cells and capable of recording the electrical signals…
Researchers find some smartphone models more vulnerable to attack — New research from North Carolina State University shows that some smartphones specifically designed to support the Android mobile platform have incorporated additional features that…
MIT: New algorithm may improve defensive driving — In 2008, according to the National Highway Traffic Safety Administration, 2.3 million automobile crashes occurred at intersections across the United States, resulting in some 7,000…
Researchers use CT to recreate Stradivarius violin — Using computed tomography (CT) imaging and advanced manufacturing techniques, a team of experts has created a reproduction of a 1704 Stradivarius violin. Three-dimensional images of…
Terminator-style info-vision takes step towards reality — The streaming of real-time information across your field of vision is a step closer to reality with the development of a prototype contact lens that could potentially provide the wearer…
Scientists invent long-lasting, near infrared-emitting material — Materials that emit visible light after being exposed to sunlight are commonplace and can be found in everything from emergency signage to glow-in-the-dark stickers. But until now,…
Team of researchers develop world's lightest material — A team of researchers from UC Irvine, HRL Laboratories and the California Institute of Technology have developed the world's lightest material - with a density of 0.9 mg/cc - about…
Humans can control a cursor with power of thought — The act of mind reading is something usually reserved for science-fiction movies but researchers in America have used a technique, usually associated with identifying epilepsy, for…
Nanoparticles improve solar collection efficiency — Using minute graphite particles 1000 times smaller than the width of a human hair, mechanical engineers at Arizona State University hope to boost the efficiency - and profitability…
Where am I? > Home > News > Technology

Apple reports record second quarter financial results

Science Centric | 23 April 2008 22:07 GMT
Printable version A clip for your blog or website E-mail the story to a friend
Bookmark or share the story on your social network Vote for this article Decrease text size Increase text size
DON'T MISS —
Novel gas sensors for monitoring carbon dioxide
Novel gas sensors for monitoring carbon dioxide — A novel gas sensor system makes it possible to monitor large areas cost-effectively the first time. The patented gas sensor…
Undergraduate student has sweet success with invention of artificial Golgi
Undergraduate student has sweet success with invention of artificial Golgi — An undergraduate student at Rensselaer Polytechnic Institute has learned very quickly that a spoonful of sugar really does…
More Technology

Apple announced financial results for its fiscal 2008 second quarter ended 29 March 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter's revenue.

Apple shipped 2,289,000 Macintosh(R) computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing 1 percent unit growth and 8 percent revenue growth over the year-ago quarter. Quarterly iPhone sales were 1,703,000.

Apple's CEO, Steve Jobs, said: 'We're delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple's history. With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.'

'We're thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,' said Peter Oppenheimer, Apple's CFO. 'Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.'

Source: Apple Inc.


Leave a comment
The details you provide on this page [e-mail address] will not be used to send unsolicited e-mail, and will not be supplied to a third party! Please note that we can not promise to give everyone a response. Comments are fully moderated. Once approved they will be posted within 24 hours.
Expand the form to leave a comment

RSS FEEDS, NEWSLETTER
Find the topic you want. Science Centric offers several RSS feeds for the News section.

Or subscribe for our Newsletter, a free e-mail publication. It is published practically every day.

Apple updates iMac line with faster processorsApple updates iMac line with faster processors

— Apple today updated its all-in-one iMac(R) line with the latest Intel Core 2 Duo processors and the most powerful graphics ever available in an iMac. With prices…

Researchers create rechargeable microscope system for NASA's Antarctic expeditionsResearchers create rechargeable microscope system for NASA's Antarctic expeditions

— Auburn University researchers have built a rechargeable microscope illumination system for NASA scientists who are using it during Antarctic expeditions. Professor…

Synchrotron light unveils oil in ancient Buddhist paintings from BamiyanSynchrotron light unveils oil in ancient Buddhist paintings from Bamiyan

— The world was in shock when in 2001 the Talibans destroyed two ancient colossal Buddha statues in the Afghan region of Bamiyan. Behind those statues, there are caves…

Graphene used to create the smallest transistorGraphene used to create the smallest transistor

— Researchers have used the world's thinnest material to create the world's smallest transistor, one atom thick and ten atoms wide. Reporting their peer-reviewed findings…

Popular tags in Technology: graphene · laser · nanotube · semiconductor