Apple profits rise 36% as Mac sales surge 51% in its fiscal 2008 second quarter
Apr 24th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Apple on Wednesday 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 - a jump of 36 percent. 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. International sales accounted for 44 percent of the quarter’s revenue.