Apple earnings are up 40% from last year

by Yuliya Talmazan | July 22, 2008 at 12:07 pm

959 views | 2 Recommendations | 24 comments

Apple is reporting a whopping 40% increase in revenue from just a year ago. This hike in Apple’s revenues is attributed to a surge in the sales of its two brand name products Mac and iPod.

Apple reported Mac sales of almost 2.5 million units, a 41% increase from a year ago. Mac revenue was up 43% from last year to reach $3.6 billion.

But the increased sales of the iPod provided a surprise, as Apple said it sold 11 million of the digital media players, up 12% from a year ago. IPod sales have been expected to begin flattening out soon, and during Apple's second quarter, its iPod sales were up just 1% from the prior year.

But will the increase in Apple earnings continue as the company faces ailing US economy?

On a conference call to discuss the results, Chief Financial Officer Peter Oppenheimer addressed the state of U.S. consumer spending, which has been the largest factor in Apple's overall sales growth. "We didn't see any obvious impact to the business in the June quarter," Oppenheimer said. "[But] we're certainly aware of the economic environment and we've considered it among other factors in preparing our guidance."

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Britney Lopez

at 01:50 on July 23rd, 2008

I feel that Apple's earnings will be pretty high next year too with the recent launch of iPhone 3G. Not to forget that the sale of iPhone 3G Accessories have also skyrocketed simultaneously.

c23gooey

at 01:54 on July 23rd, 2008

I took this shot at the opening day of the Sydney apple store opening. The apple logo is apparently the largest in the world and is suspended from the ceiling.

c23gooey has contributed a photo to this story.

formulagpguys

at 02:19 on July 23rd, 2008

These photo's are from inside the Apple Store Sydney from levels 2 and 3.

formulagpguys has contributed a photo to this story.

Wized

at 03:32 on July 23rd, 2008

My picture is the Apple Logo in the Manchester Arndale Apple Store, UK.

Wized has contributed a photo to this story.

hbokh

at 03:58 on July 23rd, 2008

This shot was taken from the inside screen cover of my iBook G4.

hbokh has contributed a photo to this story.

don.chulio

at 04:09 on July 23rd, 2008

You can use my photo of course.

SeriouslyKatie

at 05:18 on July 23rd, 2008

Thank you so much for requesting to use my photos I am really honored!

SeriouslyKatie has contributed a photo to this story.

brendan wilkinson

at 05:24 on July 23rd, 2008

The Apple Sign outside the Soho Store in New York.

brendan wilkinson has contributed a photo to this story.

Marquette

at 08:41 on July 23rd, 2008

I took my photo of the black & white Apple logo by placing my white MacBook in a room with no light sources aside from the laptop itself. The original photo had a very slight yellow tinge to it, so I set it in greyscale and here we are.

Marquette has contributed a photo to this story.

canamrotax

at 09:44 on July 23rd, 2008

This was cut from a wired magazine webpage IIRC, so I don't know about copyright, etc. My sons lined up for iphones, and my daughter got one a few days later. I think next quarter's profits will be even bigger.

canamrotax has contributed a photo to this story.

diskgrinder

at 10:53 on July 23rd, 2008

and the stock dropped 9%. Idiot math illiterates run the finance thing

diskgrinder has contributed a photo to this story.

N3CR0N0M1C0N

at 11:37 on July 23rd, 2008

It is hardly surprising, for example, I always had work solely on the PC plataform, but demand and the requirements of the job I did experiment with other tools, was then known as the MAC.
I think a platform of the most simple to work and yet very versatile for applications that use. Already I can not leave.

N3CR0N0M1C0N has contributed a photo to this story.

yamezbond

at 12:40 on July 23rd, 2008

This pic is for my old Imac, grey color, really old stuff, still working after all these years :) Go Mac!!

yamezbond has contributed a photo to this story.

angelito10

at 13:33 on July 23rd, 2008

angelito10 has contributed a photo to this story.

alex-berlin

at 13:44 on July 23rd, 2008

"Glowing Apple"

alex-berlin has contributed a photo to this story.

pixarman

at 16:27 on July 23rd, 2008

Glad to allow you use of my Apple images. I love Apple and their products so much.

TheMacJedi

at 18:06 on July 23rd, 2008

Shot in Indianapolis.

TheMacJedi has contributed a photo to this story.

Eduardo Chacón

at 19:41 on July 23rd, 2008

www.flickr.com/people/echacon

Eduardo Chacón has contributed a photo to this story.

rongen

at 23:39 on July 23rd, 2008

Who Bit My Apple?

It was a hot Monday afternoon when I saw horrifying ants roaming around my apple and also the time when I feel so inspired by some artistic curves.

One BIG bite + One small bite = The Naughty Apple :)

It's up to you to judge. I could really see something even without the small bite, so I added it to emphasize better.

rongen has contributed a photo to this story.

malagent

flagged this story as Good Stuff

at 05:34 on July 24th, 2008

yuls.source, great story - and great photos :)

I've contributed a bit to Apple's bottom line myself and plan to do so again soon.

aar0_n

at 12:21 on July 24th, 2008

I took this picture of my friend's longboard. He is an apple fan. It feels good to have my picture up on a website!!!!!! =D
www.flickr.com/aar0_n

=D =D =D =D =D= D=

aar0_n has contributed a photo to this story.

laughingeye

at 03:22 on July 26th, 2008

Apple products are increasingly defining how people see technology. The iPod has advanced to be the term to describe portable music players. The iPhone, MacBooks and iMac are tightly woven into the layers of to days society.

laughingeye has contributed a photo to this story.