Best Quarter Ever: a closer look at Apple’s record Q108 earnings
January 23rd, 2008
Daniel Eran Dilger
In a conference call reporting earnings for Apple’s fiscal Q1, the quarter ending in December, Chief Financial Officer Peter Oppenheimer announced he was “very pleased to report the best quarter ever” for the company, with revenue of $9.6 billion and net quarterly profit of $1.58 billion, resulting in $1.76 per diluted share.
That’s an increase of over $2 billion from the same quarter last year, when Apple reported revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share.
The company reported a gross margin of 34.7 percent, up from 31.2 percent in the year-ago quarter. International sales accounted for 45 percent of the quarter’s revenue.