Apple Q3 2008 earnings: revenue up 38%; Mac shipments up 41% (updated)

Summary:Apple announced their fiscal third quarter 2008 financial results today in a conference call with analysts. A press release and a re-broadcast of the audio webcast is available on Apple's investor relations Web site and you can subscribe to the Apple Quarterly Earnings Call podcast in iTunes.

AppleApple Q3 2008 earnings: revenue up 38%; Mac shipments up 41%
Apple announced their fiscal third quarter 2008 financial results today in a conference call with analysts. A press release and a re-broadcast of the audio webcast is available on Apple's investor relations Web site and you can subscribe to the Apple Quarterly Earnings Call podcast in iTunes.

Apple announced that the company's third quarter profit climbed 31 percent to US$1.07 billion on strong sales of Macs and iPods. Total sales rose 38 percent to US$7.46 billion. Apple shipped nearly 2.5 million Macs during the quarter, up 41 percent from a year earlier, while iPod shipments grew 12 percent to over 11 million.

As of this writing AAPL stock is down over 10 percent in after-hours trading due to Apple's conservative guidance for the fiscal fourth quarter.

Apple forecast fourth-quarter earnings of $1.00 per share and revenue of $7.8 billion, compared with average Wall Street targets of $1.25 per share -- out of a range of $1.13 to $1.41 -- on $8.3 billion in revenue, according to Reuters Estimates.

AAPL stock down 10 percent in after-hours trading

Topics: Apple, Hardware, Mobility

About

Jason D. O'Grady developed an affinity for Apple computers after using the original Lisa, and this affinity turned into a bona-fide obsession when he got the original 128 KB Macintosh in 1984. He started writing one of the first Web sites about Apple (O'Grady's PowerPage) in 1995 and is considered to be one of the fathers of blogging.... Full Bio

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