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."
sweet
10/22, 04:36pm reply
very nice #'s
hokizpokis
Fresh-Faced Recruit
Joined: Jan 2007
Stunning
10/22, 04:45pm reply
Keep on truckin'
TylerDurdenesk
Fresh-Faced Recruit
Joined: Apr 2001
blowout quater
10/22, 04:59pm reply
A blowout quater from apple. I predict 200+ apple share price in the next two weeks.
marklee2i
Fresh-Faced Recruit
Joined: Oct 2007
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
Fresh-Faced Recruit
Joined: Aug 2001
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
Fresh-Faced Recruit
Joined: Sep 2001
$900 million profit?
10/22, 05:35pm reply
that's, what, not quite one week of war in Iraq... impressive, nonetheless...
climacs
Fresh-Faced Recruit
Joined: Sep 2001
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
Fresh-Faced Recruit
Joined: Sep 2001
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
Fresh-Faced Recruit
Joined: Sep 2001
this has to...
10/22, 06:02pm reply
bug the s*** out of the trolls.
rtbarry
Fresh-Faced Recruit
Joined: Aug 2001
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
Fresh-Faced Recruit
Joined: Jul 2007