Mixed Financial News From Apple

January 24, 2008 | by Christopher Nickson

Apple has record profits for the last quarter, but warns that the start of 08 won't meet expectations.

The end of 2007 was very good for Apple. The company reported record profits for the last quarter, up a staggering 57% to give earning of $1.58 billion. Much of that was due to the introduction of the iPhone, which has shifted 2.3 million handsets since its introduction in June.
 
But it wasn’t all blue skies and champagne. The company has warned that for the next three months earnings will be less than market expectations.
 
Will 2.3 million computers shipped and 22 million iPods, Apple broke all its own records for the last quarter of ’07, leaving Steve Jobs a very happy man.
 
"We're thrilled to report our best quarter ever, with the highest revenue and earnings in Apple's history," he said.
 
But it’s a high that’s unlikely to be repeated for some time, as Apple expects to suffer in the general economic downturn. But with the MacBook Air coming, and movie rentals on iTunes, who knows what the future will bring?
 
 

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