Apple: $1 billion profit, sells 21m iPods
updated 04:30 pm EST, Wed January 17, 2007
Apple: $1 billion profit
Apple today posted record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share for its fiscal 2007 first quarter ended December 30, 2006. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2 percent, up from 27.2 percent in the year-ago quarter, while international sales accounting for 42 percent of the quarter's revenue. Apple shipped 1,606,000 Macs and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter. "We are incredibly pleased to report record quarterly revenue of over $7 billion and record earnings of $1 billion," said Steve Jobs, Apple's CEO. "We've just kicked off what is going to be a very strong new product year for Apple by launching Apple TV and the revolutionary iPhone."
"We generated over $1.75 billion in cash during the quarter to end with $11.9 billion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2007, we expect revenue of $4.8 to $4.9 billion and earnings per diluted share of $0.54 to $0.56."
unbelivable
01/17, 04:50pm reply
wow...
e2Sync
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Joined: Feb 2005
Wow..
01/17, 05:03pm reply
Is right.
wymer100
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Joined: Oct 2003
I still remember when
01/17, 05:03pm reply
Saying Apple made a billion would have been a joke. Congratulations Apple and Steve Jobs!!!
addisonx
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Joined: Nov 2002
21M iPods
01/17, 05:05pm reply
that's like enough to blanket a small country. haha.
Hobeaux
Junior Member
Joined: Mar 2002
How's them Apples...
01/17, 05:35pm reply
...Dell?
f1000
Professional Poster
Joined: Jan 2003
yeah but Zune
01/17, 05:45pm reply
will sell a million units sometime this year!
seriously... great news but why did AAPL go down $2+ today? They exceeded estimates... but maybe not by as much as anticipated???
climacs
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Joined: Sep 2001
WTF
01/17, 07:28pm reply
The Nike + iPod integration is an added bonus to what everybody does, i.e., "listen to music while exercising". You don't buy a Nike + iPod so you can use the iPod primarily to monitor your exercise and only secondarily to use the iPod to listen to music.
Sure, there probably are people who don't care about listening to music while jogging and this watch very well may be for those people. But to say that this watch "eliminates the need" for an iPod is laughable. Like, HELLO, the iPod is for listening to music.
tomodachi
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Joined: Apr 2002
sweet b******!!
01/17, 08:54pm reply
congratulations apple!!!!!!!!!!!!!!
truly great!!! watch AAPL skyrocket tomorrow!
too bad steve jobs cant goto michael dell, and b**** slap him for saying apple should close shop and give the money back to the shareholders...
FastAMX79
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Joined: Sep 2000
what counts
01/18, 12:38pm reply
is that apple handled the R&D costs for this phone over the past 2.5 years while still reporting record breaking profits.
and now, they have a phone to sell as well.
aesculanus
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Joined: Feb 2006
So if they set
01/18, 04:23pm reply
yet more records, why is their stock down almost $6 today? My guess is that Apple didn't beat analyst estimates by enough to impress. They only had a 28% surge, rather than a 10,000,000,000,000,000% trouncing of their own friggin' estimates.
The stock market makes no sense.
e:leaf
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Joined: Mar 2006