News, info, and opinion by Mac users, for Mac users.

July 21, 2008

money

The numbers game: liveblogging Q3 2008 earnings

Posted Jul. 21, ’08, 2:00 PM PT by Dan Moren
Category | Money

q3call.jpgA storm has risen on the horizon. Well, out my window anyway. Does it presage good news for Apple, or bad? Or perhaps just the usual summertime atmospheric disturbance that has been plaguing New England this season. Either way, we’ll be listening in on the financial results conference call coming up at the top of the hour: 5PM ET/2PM PT. But, for now, here is the steaming pile of numbers released hot off the press from Apple.

Information about Steve Jobs’s health aside, it appears that Apple has once again had a pretty good quarter, including hitting Mac record sales once again. Apple announced revenue of $7.46 billion and profit of $1.07 billion for the quarter (that’s $1.19 per diluted share). That’s compared to last year’s Q3, where they posted $5.41 billion of revenue with profit of $818 million. In terms of sales, Apple sold a mind-blowing 2,496,000 Macs (41% unit growth and 43% revenue growth over year again quarter); they also sold a binarilicious 11,011,000 iPods, and 717,000 iPhones (compared to 270,000 in year again quarter—though that was just after the phone’s launch).

International sales made up 42% of the quarter’s revenue, and the gross margin was 34.8%, down from 36.9% in the year ago quarter. Steve “Steverino” Jobs called it best June quarter for evenue and earnings in Apple’s history and hinted at “several more wonderful products” due to lunach in the next few months. CFO Peter Oppenheimer also gave forecasts for next quarter to the tune of $7.8 billion, with earnings per diluted share of about a single buckaroo.

Them’s just the basics, though. If it’s true nitty-gritty details you want, you’re going to have follow us down the rabbit hole and tune in to our live commentary, accessible via the link below. But it’s not for the faint of heart—you have been warned.

Click here to go to the liveblog


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