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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."

 
Previous Comments

sweet

10/22, 04:36pm reply

very nice #'s

hokizpokis

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Joined: Jan 2007

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Stunning

10/22, 04:45pm reply

Keep on truckin'

TylerDurdenesk

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blowout quater

10/22, 04:59pm reply

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

marklee2i

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Joined: Oct 2007

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Sweet jebus

10/22, 05:16pm reply

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.

Zaren

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can't help it

10/22, 05:35pm reply

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*

climacs

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$900 million profit?

10/22, 05:35pm reply

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

climacs

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CNN.com/money

10/22, 05:38pm reply

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?

climacs

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oops

10/22, 05:40pm reply

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

climacs

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this has to...

10/22, 06:02pm reply

bug the s*** out of the trolls.

rtbarry

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List of Morons

10/22, 06:07pm reply

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.

SLURPY

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Joined: Jul 2007

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