CUPERTINO, Calif. — Apple(R) today
announced financial results for its fiscal 2008 fourth quarter ended
September 27, 2008. The Company posted revenue of $7.9 billion and net
quarterly profit of $1.14 billion, or $1.26 per diluted share. These
results compare to revenue of $6.22 billion and net quarterly profit of
$904 million, or $1.01 per diluted share, in the year-ago quarter. Gross
margin was 34.7 percent, up from 33.6 percent in the year-ago quarter.
International sales accounted for 41 percent of the quarter’s revenue.
In accordance with the subscription accounting treatment required by
GAAP, the Company recognizes revenue and cost of goods sold for iPhone(TM)
and Apple TV(R) over their economic lives. Adjusting GAAP sales and product
costs to eliminate the impact of subscription accounting, the corresponding
non-GAAP measures* for the quarter are $11.68 billion of Read more