Filed under: Apple Financial
Apple up 11 after Q4 conference call
Apple shares were higher by over 11 points in after-hours trading following a very positive Q4 conference call where the company announced a profit of $1.26 per diluted share.
As we noted in our liveblog earlier, Apple posted a profit of $1.14 billion on revenues of $7.9 billion for the quarter. The company also said it had sold 2.6 million Macs, 11 million iPods, and 6.8 million iPhones in the three months ending September 27. It's safe to say we're past the 10 million mark for iPhone unit sales.
Apple's margins for the quarter fell by a tenth of a percent from Q3 to 34.7 percent. During the Q3 conference call, Apple was careful to mention that margins would be lower for the quarter due to a new product announcement. That guidance was out of an abundance of caution, and executives noted that all new product announcements related to that margin guidance have been made. Apple's margins this time a year ago were 1.1 percent lower, at 33.6 percent.
Steve Jobs himself was on the call, a rarity, and he crowed about how Apple sold more handsets than RIM did. He also mentioned Apple's significant cash reserves of $25 billion and lack of debt.
The conference call made no mention of the exclusion of FireWire on new MacBooks, nor any confirmation that the Mac mini line could either be seeing a refresh or end-of-life.
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Reader Comments (Page 1 of 1)
Luigi193 said 10:44PM on 10-21-2008
THANK GOD!
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fishbert said 4:52AM on 10-22-2008
I left my job a couple months ago... had my 401k holding institution cut a rollover check last week... overnighted the check monday to my IRA brokerage account... my IRA account was funded tuesday morning... I threw half of my balance at AAPL about an hour before closing... within 3 hours I was up 12%.
It was a good day. =)
Almost makes me forget that I've been riding that sucker down from $182 over the last few months. =(
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