Apple Reports Record Second Quarter Results
Apple Reports Record Second Quarter Results
Revenue Up 43 Percent Year-Over-Year
CUPERTINO, California–April 23, 2008–Apple today announced financial
results for its fiscal 2008 second quarter ended March 29, 2008. The
Company posted revenue of $7.51 billion and net quarterly profit of $1.05
billion, or $1.16 per diluted share. These results compare to revenue of
$5.26 billion and net quarterly profit of $770 million, or $.87 per diluted
share, in the year-ago quarter. Gross margin was 32.9 percent, down from
35.1 percent in the year-ago quarter.