Apple just announced its fiscal 2008 first quarter financial results . The company posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share.
These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 31.2 percent in the year-ago quarter. International sales accounted for 45 percent of the quarter's revenue. Apple shipped 2,319,000 Macintosh(R) computers, representing 44 percent unit growth and 47 percent revenue growth over the year-ago quarter. The Company sold 22,121,000 iPods during the quarter, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone(TM) sales were 2,315,000.
Same thing that happened to Intel last week is happening to Apple now, report huge profits and watch the stock price get hammered. Apple is down nearly $20 (more than 12%) right now in after hours trading.
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