Apple announced fiscal third quarter revenues of $7.46 billion and net quarterly profit of $1.07 billion, beating analyst expectations on the strength of quarterly iPhone sales in excess of 700,000 (up from 270,000 in the year-ago quarter) and iPod sales of more than 11 million (a 12 percent unit growth over a year ago). Apple added that international sales accounted for 42 percent of the quarter's revenue. However, the computing giant forecast fourth quarter revenues of $7.8 billion and earnings per diluted share of $1, both below analyst expectations. CEO Steve Jobs' health is also the subject of much discussion since he appeared at Apple's recent Worldwide Developers Conference looking gaunt. "Steve's health is a private matter," said Apple COO Tim Cook during Monday's earnings call, adding that Jobs has no plans to leave the firm. On a more upbeat note, Apple said iPhone owners have now downloaded more than 25 million applications from the App Store.
For more on Apple's earnings:
- read this release [1]
Related articles:
Apple [2] officially announces iPhone 3G, MobileMe
Apple [3] gives out first iPhone application award
Links:
[1] http://www.fiercewireless.com/press-releases/apple-reports-record-third-quarter-results
[2] http://www.fiercemobilecontent.com/story/apple-officially-announces-iphone-3g-mobileme/2008-06-10?utm_medium=rss&utm_source=rss&cmp-id=OTC-RSS-FMC0
[3] http://www.fiercemobilecontent.com/story/apple-gives-out-first-iphone-applications-awards/2008-06-13