Apple Earnings Report - Fourth Quarter

October 22, 2008
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Apple units

Apple has just announced today their fourth quarter earnings. This year their earnings seem to have gone up since last year’s Q4, by selling 6.9 million iPhones.

Last year, Apple reported a revenue of $6 billion for Q4, while this year the revenue is up at $7.9 billion and shares also went up from $1.01 to $1.26 a share. From the $7.9 billion revenue, $1.14 is their profit, which is not bad at all.

In 2007, Apple had $24 billion in revenue and $3.5 billion net income, but this year the revenue is up to $32.5 billion, with an income of $4.8 billion. They passed the 10 million iphone sales goal for this year, so everything seems to work great for them, even in those harsh times.

iPhone sales boosted them on the third position in cell phones suppliers in the world. It has been an excellent decision to ship iPhones across the border.

via Ars

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