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Apple posts third-quarter profit of US$1.07b
Posted: 22 July 2008 0534 hrs

 
 
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SAN FRANCISCO: Apple on Monday reported its third-quarter profits topped a billion dollars on strong sales of its Macintosh computers, iPods, and iPhones.

Apple said revenues for the fiscal quarter ending June 28, 2008 were 7.46 billion dollars and profits tallied 1.19 dollars per share of stock.

Apple's revenues were 5.41 billion dollars with profit of 818 million dollars, or 92 cents per share in the same quarter the prior year.

"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Apple chief executive Steve Jobs.

"We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."

Apple shipped 2.49 million Macintosh computers during the quarter, representing a 41 jump from the same period in 2007.

Sales of iPod MP3 players rose 12 percent from the year-ago quarter to top 11 million units, according to Apple. Apple reported selling 717,000 iPhones in the recent quarter as opposed to 270,000 in the same three months last year.

Apple's stock price dropped more than 10 percent to 156.20 per share in after hours trading as investors focused on the California company's less optimistic outlook for the fourth quarter.

Apple forecast fourth-quarter revenues of 7.8 billion and per-share earnings of about a dollar. - AFP/de

 

 



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