Apple earns $7.9 billion revenue in Q4

Apple has posted revenue of $7.9 billion and net quarterly profit of $1.14 billion for its fiscal 2008 fourth quarter ended September 27, 2008, compared to revenue of $6.22 billion and net quarterly profit of $904 million during the same period in 2007.

Gross margin was 34.7%, up from 33.6% in Q4 2007. International sales accounted for 41% of the quarter’s revenue.

Apple shipped 2.6 million Macintosh computers during the quarter, representing 21% unit growth and 17% revenue growth over the year-ago quarter. The company sold 11 million iPods during the quarter. Quarterly iPhone units sold were 6.89 million compared to 1.12 million in the year-ago-quarter.

Steve Jobs, CEO of Apple, said: Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone — we sold more phones than RIM. We don’t yet know how this economic downturn will affect Apple. But we’re armed with the strongest product line in our history. And $25 billion of cash safely in the bank with zero debt.

Peter Oppenheimer, CFO of Apple, said: We’re very pleased to have grown revenue 35% and to have generated $9.1 billion in cash in fiscal 2008. Looking ahead, visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter.

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