10/22/2007, 4:30pm, EDT
Monday, October 22nd
Apple reports $904m profit, ships 2m Macs
Apple on Monday posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share for its fiscal 2007 fourth quarter ending September 29, 2007. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter. Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue. Apple shipped 2,164,000 Macs, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.
"We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007," said Steve Jobs, Apple's CEO. "We're looking forward to a strong December quarter as we enter the holiday season with Apple's best products ever."
"Apple ended the fiscal year with $15.4 billion in cash and no debt," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42."
Filed under: Apple
,
, 16
,
,
,
,
,

subscribe to comments
for this article
You could have bought AAPL for $120 only a few weeks ago. Now it's up 50% in that time.
My only regret is I didn't put every spare nickel into AAPL! I could be retired now! *snif*
"Apple said it expected to report revenue of about $9.2 billion and earnings of $1.42 per share in the quarter, compared with forecasts of $8.58 billion in sales and a profit of $1.39 per share."
given Apple's penchant for understating their numbers, can you imagine how mega-freakin-awesome the numbers will be come this January?