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January 22, 2008

money

The numbers game: liveblogging Q1 2008 earnings

Posted Jan. 22, ’08, 1:58 PM PT by Dan Moren
Category | Money

q12008earnings.jpgIt’s number time. Which, on the face of it, may sound a lot like hammer time, but it bears almost no real resemblance. Except for the wearing of hammer pants. We’re going to do something a little different this quarter. Since we had such success last week with our live blog of the Macworld Keynote, we’re going for a repeat performance by providing you with up-to-the-minute news on the Apple Q1 conference call over at Macworld.com.

Of course, as is their way, Apple’s decided to spoil our fun by throwing out the pertinent details in a bland, boring press release. So if you’re just here for the digits, here’s what you need to know. The Q1 results featured revenue of $9.6 beeeeellion dollars, up from “just” $7.1 billion last year. Profits were likewise up, $1.58 billion from $1 billion, and shares (diluted, naturally) came out to $1.76, up from $1.14. Gross margins (ewwww—what, you thought I’d have a new joke about gross margins?) were 34.7%, up from 31.2% in what we like to call the “year-ago quarter” (or YAQ).

Mac sales were pretty sweet, with Apple shipping 2,319,000 units in the quarter, meaning 44% unit growth and 47% revenue growth over the YAQ. iPod sales were no slouch either, with 22,121,000 iPods sold, and the iPhone rings in at a healthy 2,315,000. Once again, Apple’s posting the highest revenue and earnings in their history, and Steve-O is touting a great pipeline in 2008.

Those are the hard, cold facts. Now follow the link below to follow our shocking blow-by-blow account of First Quarter 2008 Earnings.

Click here to go to the liveblog


1 Comments

krye said:

If any of you have seen "I Am Legend", then you've seen the Spectrum patient monitor that Dr. Neville uses to monitor the vital signs of the "infected" girl.

Anyway, I work for the company that makes those, (Datascope) and let me tell you, if we sell 1,500 a quarter, it's a lot. (Never mind that they go for $15,000 - $20,000 each.)

Anyway, it's hard to grasp the concept of shipping over 2 million Macs and over 22 million iPods. Really, I mean, it boggles the mind!

January 22, 2008 2:43 PM

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