Ahead of the conference call, Apple released quarterly numbers. Top line result: Earnings per share more than 36 cents above analyst consensus. That, mes amis, is a grand slam home run.Record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. 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. International sales accounted for 42 percent of the quarter's revenue.
Apple shipped 1,606,000 Macintosh® computers 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."
Holy revenue, Batman.
Reader Comments (Page 1 of 1)
1-17-2007 @ 5:04PM
John P. said...
It's going to be even better this year from what I've seen so far. With that kind of cash on hand, hiring and R&D will surely benefit. I can hardly wait to see what's next.
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1-17-2007 @ 5:15PM
Eric said...
My 11 share pickup of apple shares 2 weeks ago is looking better and better. :)
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1-17-2007 @ 5:41PM
Malcolm Bishop said...
Watch this grow exponentially! Apple have so much on their side right now. One of the biggest advantages they have is the lack of mind blowing technology from the competition. Go Apple!
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1-17-2007 @ 5:41PM
narco said...
Holy ****.
Fishes,
narco.
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1-17-2007 @ 5:54PM
schlomo said...
AH trading is dropping as the "big boys" and funds drop their shares for profit, though, hoping they can net profit now and 'scare' the little guys into selling even more, then the big boys think they can pick back up at a low price to profit even more - if you own stock STICK IT OUT - AAPL will go back up tomorrow, and don't forget about Leopard and iLife 07 sales in Q2/Q3.
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1-17-2007 @ 7:05PM
Likkie said...
The "Year-ago quarter"?
Did a child write this?
Are the words "previous year" so abhorrent that they needed to make up a new word?
What an embarrasment to have such poor language on a public document.
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1-17-2007 @ 10:11PM
Mike Rose said...
Likkie -- that's standard Street-speak, referring to the 1st quarter of fiscal 2006 in this case. To say "previous year" would imply a reference to the full fiscal year results, which isn't what they mean -- the comparison is between Q107 and Q106, hence "year-ago quarter."
And these numbers -- "representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter" -- are very impressive. Truth be told, it's no surprise that Mac sales might have underperformed a year ago as we all waited for the Intel machines, but still some dramatic market growth.
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1-18-2007 @ 1:52AM
umijin said...
Japan sales the weakest world wide for Apple?
Again, the lack of a small, fast laptop is killing Apple's sales here. People just don't want laptops that weigh 5 lbs in this country, especially when there are plenty of Windoze offerings in the same size range (and smaller) that weigh a pound or two less.
It's not rocket science that in a country where space is a premium, and non-automobile commuting is the norm, big laptops sell poorly. Get with the program, Apple.
Of course there's the fact that Apple Japan rarely offers refurbished Macs (iPods a plenty, but few if any Macs).
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1-18-2007 @ 4:33PM
e:leaf said...
Sales surge, and Apple scores over $.30 better tper diluted share than expected, yet the stock plummets neraly $6.
The stock market is bullshit.
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