Apple continues record run

By Shaun Nichols

Jul 22 2008 1:50PM

Apple is reporting yet another record earnings haul..

The company said that in the financial quarter between April and June, it logged more than US$7.46bn in revenues, leading to a total profit of roughly US$1.07bn.

“We’re proud to report the best June quarter for both revenue and earnings in Apple’s history,” said chief executive and co-founder Steve Jobs.

“We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we’re busy finishing several more wonderful new products to launch in the coming months.”

The iPhone rang in its first birthday by selling 717,000 units. Last year, the iPhone made its debut two days before the close of the quarter and logged 270,000 sales.

The iPhone 3G smashed that two-day mark earlier this month, when it surpassed 1 million units on its first day.

It was not the handset that pushed Apple's record revenues, however. The company credited its 11 million iPods and 2.49 million Mac computers sold with pushing it to the record quarter.

Mac sales accounted for some US$3.6bn in revenues, just under half of the total revenues for the quarter.

The iPod, meanwhile, logged roughly US$1.67bn in revenues off of its 11 million unit sales. Other revenue sources included iPhone, iTunes, software and peripheral sales.

International customers also played a major role in the big quarter. Apple estimated that some 42 per cent of its revenues were from outside of the United States.

"We’re extremely pleased with the growth of our business and the generation of almost US$5.4 billion in cash in the first three quarters of fiscal 2008," said chief financial officer Peter Oppenheimer.

"Looking ahead to the fourth quarter of fiscal 2008, we expect revenue of about US$7.8 billion and earnings per diluted share of about US$1.00."