January 22, 2008 Apple released it first quarter results for the 2008 fiscal year. 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.
This is a boost to the economy as well as a payback for the shareholders who have invested in Apple.
Steve Jobs is quoted in saying "We’re thrilled to report our best quarter ever, with the highest revenue and earnings in Apple’s history." With all the new products Apple has ready for release the following quarter should be just as positive as this one.
Apple stock can be followed by clicking this link: http://finance.google.com/finance?q=NASDAQ:AAPL
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