Apple blows by goal to sell 10 million iPhones in 2008


Apple announced its fiscal 2008 fourth quarter financial results today.

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.

As part of the announcement, Apple announced that it had sold 6,892,000 iPhones in the quarter. This brings its tally for the year to over 13 million, easily eclipsing its goal of selling 10 million iPhones in 2008. Apple also pointed out that their iPhone sales eclipsed the 6.1 BlackBerries that RIM sold in its last quarter.

Apple also shipped 2,611,000 Macintosh computers and 11,052,000 iPods in the quarter.

Steve Jobs does not know what the global economic slowdown has in store for Apple but the company is in good shape. “We’re armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt,” he said during the call.

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