Apple Monetizes iPhone Over 4.363 Million sold in Q4 2008

By Editor Wireless and Mobile News on January 22, 2009 11:20 AM

Apple is still making profits. In the fourth quarter of 2008 it sold 4.363 million iPhones. Quarterly iPhone units sold were 4,363,000, representing 88 percent unit growth over the year-ago quarter.

Apple's Q1 profits were $1.61 billion up from $1.58 billion.

"Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history--surpassing $10 billion in quarterly revenue for the first time ever," said Steve Jobs, Apple's CEO.

"Our outstanding results generated over $3.6 billion in cash during the quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2009, we expect revenue in the range of about $7.6 billion to $8 billion and we expect diluted earnings per share in the range of about $.90 to $1.00."

In July 2008, the Company began selling iPhone 3G, the second-generation iPhone, and significantly expanded distribution by establishing carrier relationships in over 70 countries. Unit sales of iPhone 3G have been significantly greater than sales of the first-generation iPhone. During the first quarter of iPhone 3G availability ended September 27, 2008, 6.9 million units were sold, exceeding the 6.1 million first-generation iPhone units sold in the prior five quarters combined.

Unit sales of iPhone 3G continued to be significant in the quarter ended December 27, 2008, with 4.4 million iPhones sold.