October 21st, 2008
Apple financials - Q4 '08
Highlights from Apple’s Q4 ‘08 conference call.
Note: Apple’s stock price closed at $91.49. After hours it was trading at $93.40 before the announcement.
- Record breaking on a number of fronts
- More Macs sold than in any previous quarter
- More iPhones sold this quarter than over all previous quarters
- More iPods sold than in any other non-Holiday quarter
- Revenue of $6.22 billion
- Profits of $904 million
- International sales accounted for 41%
- 2,611,000 Macs sold - 21% unit growth, 17% revenue growth over year-ago quarter
- 11,052,000 iPods sold - 8% unit growth, 3% revenue growth over year-ago quarter
- Total iPods sold to date: 174,093,000
- 6,892,000 iPhones sold compared to 1,119,000 in the year-ago-quarter
- Total iPhones sold to date: 11,627,000
- iPod market share in the US over 70%
- $25 billion of cash safely in the bank with zero debt
- Guidance for Q1 ‘09 - revenue of $9.0 to $10.0 billion and earnings per diluted share between $1.06 and $1.35
- iTunes store has more than 65 million active accounts
- Apple beat RIM this quarter, so the iPhone has for the first time outsold the Blackberry after only 15 months in the market
- Apple now third larger mobile phone manufacturers in terms of revenue (behind Nokia and Samsung)
- Apple customers more likely to delay purchase in tough times rather than switch
- Steve Jobs on netbook: “Not a lot of them getting sold.”
- K12 business down.
- Steve Jobs on price: “There are some customers we choose not to serve.”
Note: In after hours trading AAPL price has shot up over 11% to $102.21.
Apple Q4 ‘08 press release here.
Adrian is a technology journalist and author who has devoted over a decade to helping users get the most from technology. He also runs a popular blog called The PC Doctor. See his full profile and disclosure of his industry affiliations
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