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AAPL Stock: 95.22 ( + 0.19 )

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Apple reports $904m profit, ships 2m Macs

updated 04:30 pm EDT, Mon October 22, 2007

Apple reports $904m profit

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."




by MacNN Staff

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Comments

  1. hokizpokis

    Joined: Dec 1969

    0

    sweet

    very nice #'s

  1. TylerDurdenesk

    Joined: Dec 1969

    0

    Stunning

    Keep on truckin'

  1. marklee2i

    Joined: Dec 1969

    0

    blowout quater

    A blowout quater from apple. I predict 200+ apple share price in the next two weeks.

  1. Zaren

    Joined: Dec 1969

    0

    Sweet jebus

    AAPL is up almost 10 in after hours trading. It closed today at 174, and it's going to open tomorrow at around 184. Cheers to all of you that held on.

  1. climacs

    Joined: Dec 1969

    0

    can't help it

    can't help reminding everyone that I bought at $9.75 (split-adjusted).

    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*

  1. climacs

    Joined: Dec 1969

    0

    $900 million profit?

    that's, what, not quite one week of war in Iraq... impressive, nonetheless...

  1. climacs

    Joined: Dec 1969

    0

    CNN.com/money

    sez:

    "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?

  1. climacs

    Joined: Dec 1969

    0

    oops

    forgot to note that the quote I pulled from the article, was talking about 1st quarter 2008 which ends in December.

  1. rtbarry

    Joined: Dec 1969

    0

    this has to...

    bug the s*** out of the trolls.

  1. SLURPY

    Joined: Dec 1969

    0

    List of Morons

    Can we get a list of Morons who kept stating that Apple will be out of business soon and continue to do so? Or even a list of idiots who keeps touting that iPod and Mac sales have peaked already and that its a downhill slide starting Jan 07? It would be a great laugh.

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