Filed under: Apple Financial, Apple
Apple posts record quarterly earnings, again
We'll be back at 5 ET with a liveblog of the earnings conference call, but just to give you the above-the-fold headline: Yowza. Revenue of 5.41B, net quarterly profits of 818M, $0.92 per diluted share.
Apple® today announced financial results for its fiscal 2007 third quarter ended June 30, 2007. The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.
Apple shipped 1,764,000 Macintosh® computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac® shipments by over 150,000. The Company also sold 9,815,000 iPods during the quarter, representing 21 percent growth over the year-ago quarter.
"We're thrilled to report the highest June quarter revenue and profit in Apple's history, along with the highest quarterly Mac sales ever," said Steve Jobs, Apple's CEO. "iPhone is off to a great start-we hope to sell our one-millionth iPhone by the end of its first full quarter of sales-and our new product pipeline is very strong."
"We are very pleased to report strong financial results including cash flow from operations exceeding $1.2 billion for the quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter of 2007, we expect revenue of about $5.7 billion and earnings per diluted share of about $.65."
Apple® today announced financial results for its fiscal 2007 third quarter ended June 30, 2007. The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.
Apple shipped 1,764,000 Macintosh® computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac® shipments by over 150,000. The Company also sold 9,815,000 iPods during the quarter, representing 21 percent growth over the year-ago quarter.
"We're thrilled to report the highest June quarter revenue and profit in Apple's history, along with the highest quarterly Mac sales ever," said Steve Jobs, Apple's CEO. "iPhone is off to a great start-we hope to sell our one-millionth iPhone by the end of its first full quarter of sales-and our new product pipeline is very strong."
"We are very pleased to report strong financial results including cash flow from operations exceeding $1.2 billion for the quarter," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter of 2007, we expect revenue of about $5.7 billion and earnings per diluted share of about $.65."
Reader Comments (Page 1 of 1)
derek said 5:18PM on 7-25-2007
Only up .4% counting after hours (at the moment). Bah...
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Rob said 7:41AM on 7-26-2007
The 33% growth in Mac sales is very impressive when you consider the year ago quarter had the bulk of the burst in sales that had been postponed due to the intel transition.
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Scoo said 2:42PM on 7-26-2007
Looks like a $1500 tower (upgradeable HD, video card, expansion slots) isn't happening. With the tear Apple has been on lately, they have NO motivation to close this gaping hole in the product matrix. Looks like I'll have to roll my own (http://wiki.osx86project.org/wiki/index.php/Main_Page).
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