Apple Posts $546 Million Profit

[plinden]

I've hesitated posting this for tha past 50 minutes since I keep expecting it to show up on the front page (Edit: Ok, it's there - mods, lock or merge this please) - but here goes. Read some articles here:
http://finance.yahoo.com/q?s=aapl

                                   Q3'06 Actual   Q4'05 Actual   Q4'06 Actual
                                   CPU    Rev     CPU    Rev     CPU    Rev
    Operating Segments            Units K  M$    Units K  M$    Units K  M$
      Americas                      642  $2,188    636  $1,771    781  $2,297
      Europe                        301     899    259     779    342     987
      Japan                          79     258     71     224     62     286
      Retail                        216     715    202     663    323     936
      Other Segments (1)             89     310     68     241    102     331
    Total Operating Segments      1,327  $4,370  1,236  $3,678  1,610  $4,837

                                          Sequential Change  Year/Year Change
                                              CPU              CPU
    Operating Segments                       Units    Rev.     Units    Rev.
       Americas                               22%      5%       23%     30%
       Europe                                 14%     10%       32%     27%
       Japan                                - 22%     11%     - 13%     28%
       Retail                                 50%     31%       60%     41%
       Other Segments (1)                     15%      7%       50%     37%
    Total Operating Segments                  21%     11%       30%     32%


                                   Units   Rev    Units   Rev    Units   Rev
                                     K      M$      K      M$      K      M$
    Product Summary
      Desktops (2)                  529    $705    602    $787    624    $869
      Portables (3)                 798   1,161    634     824    986   1,344

    Subtotal CPUs                 1,327   1,866  1,236   1,611  1,610   2,213
      iPod                        8,111   1,497  6,451   1,212  8,729   1,559
      Other Music Related
       Products and Services (4)     NM     457     NM     265     NM     452
      Peripherals and Other
       Hardware                      NM     236     NM     296     NM     297
      Software, Service and Other
       Sales                         NM     314     NM     294     NM     316
    Total Apple                          $4,370         $3,678         $4,837



                                           Sequential Change  Year/Year Change
                                           Units       Rev.    Units     Rev.
    Product Summary
       Desktops (2)                          18%        23%       4%     10%
       Portables (3)                         24%        16%      56%     63%
    Subtotal CPUs                            21%        19%      30%     37%
       iPod                                   8%         4%      35%     29%
       Other Music Related Products and
        Services (4)                          NM       - 1%       NM     71%
       Peripherals and Other Hardware         NM        26%       NM      0%
       Software, Service and Other Sales      NM         1%       NM      7%
    Total Apple                                         11%              32%

    (1) Other Segments include Asia Pacific and FileMaker.
    (2) Includes iMac, eMac, Mac mini, Mac Pro, PowerMac, and Xserve product
        lines.
    (3) Includes MacBook, iBook, MacBook Pro and PowerBook product lines.
    (4) Consists of iTunes Music Store sales, iPod services, and Apple-branded
        and third-party iPod accessories.

[MacRumors]

http://www.macrumors.com/images/macrumorsthreadlogo.gif

Apple released preliminary fourth quarter 2006 financial results today. These results may be subject to significant adjustments.

Apple posted revenue of $4.84 billion with a net quarterly profit of $546 million, or $.62 per diluted share. These results compare to revenue of $3.68 billion and net profit of $430 million, or $.50 per diluted share, in the year-ago quarter. Gross margin was 29.2 percent, up from 28.1 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.

1,610,000 Macs and 8,729,000 iPods were shipped this quarter representing a 30 percent growth in Macs and 35 percent growth in iPods over the year-ago quarter.

“This strong quarter caps an extraordinary year for Apple. Selling more than 39 million iPods and 5.3 million Macs while performing an incredibly complex architecture transition is something we are all very proud of,” said Steve Jobs, Apple’s CEO. “Looking forward, 2007 is likely to be one of the most exciting new product years in Apple’s history.”

“We are pleased to have finished the year with over $10 billion in cash and to have increased annual revenue by $11 billion in the last two years,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first fiscal quarter of 2007, we expect revenue of $6.0 to $6.2 billion and earnings per diluted share of $.70 to $.73.”

[WildCowboy]

Nice bump in the stock...AAPL up 5.5% in after hours trading.

[dr_lha]

Originally Posted by WildCowboy

Nice bump in the stock...AAPL up 5.5% in after hours trading.

Expect it to take a dump tomorrow morning.

[sethypoo]

Originally Posted by dr_lha

Expect it to take a dump tomorrow morning.

"Dump" huh? Methinks you don't trade stocks much. It's up over 6% now. Analysts = a dime a dozen.

[rdowns]

Originally Posted by sethypoo

"Dump" huh? Methinks you don't trade stocks much. It's up over 6% now. Analysts = a dime a dozen.

At a dime, they are overpriced, just like Macs.

[Chimera]

Having looked at the numbers in more detail it is interesting that compared to the year ago quarter desktop sales are relatively static and pretty much all the growth in mac shipments is in the portable lines. Good to see Apple add 1bn to revenue anyhow.

[MacFan782040]

NICEEEE! I can't wait to see what they have in store for 2007

[jholzner]

Originally Posted by MacFan782040

NICEEEE! I can't wait to see what they have in store for 2007

I wonder if he means calander year 07 or FY 07. If it's FY 07 we could see some of those products in the next three months

[alexf]

1,610,000 Macs and 8,729,000 iPods were shipped this quarter representing a 30 percent growth in Macs and 35 percent growth in iPods over the year-ago quarter.

As always, the iPod is Apple's real cash cow.

Too bad for those of us who wish they would divert a little more of their attention to their computer line.

[MacQuest]

Originally Posted by alexf

As always, the iPod is Apple's real cash cow.

Too bad for those of us who wish they would divert a little more of their attention to their computer line.

Yeah. Gawd knows Apple hasn't done a thing with it's Mac line-up this year.

[alexf]

Originally Posted by MacQuest

Yeah. Gawd knows Apple hasn't done a thing with it's Mac line-up this year.

Wow, amazing how emotional people always get whenever I make a statement that could sound slightly anti-iPod... I know you love your iPod and all (I am very fond of mine myself), but over the last few years Apple has been focusing a dispropotional amount of energy into their cute little gadget which has massively boosted their profits. For those of us that don't salivate over all things iPod, I think this is too bad.

That is all.

[plinden]

Originally Posted by alexf

As always, the iPod is Apple's real cash cow.

Pity you didn't read the figures before commenting:

    Subtotal CPUs                 1,327   1,866  1,236   1,611  1,610   2,213
      iPod                        8,111   1,497  6,451   1,212  8,729   1,559
      Other Music Related
       Products and Services (4)     NM     457     NM     265     NM     452

In other words, iPod and music-related revenues are still less than half the total.

[WildCowboy]

Originally Posted by plinden

In other words, iPod and music-related revenues are still less than half the total.

Which reverses the trend from last quarter when iPods and their accessories outsold Mac by about $100 million. CPU revenue was up 19% sequentially, while iPod and iPod accessory revenue was only up 3%.

[alexf]

Originally Posted by plinden

Pity you didn't read the figures before commenting:

    Subtotal CPUs                 1,327   1,866  1,236   1,611  1,610   2,213
      iPod                        8,111   1,497  6,451   1,212  8,729   1,559
      Other Music Related
       Products and Services (4)     NM     457     NM     265     NM     452

In other words, iPod and music-related revenues are still less than half the total.

Where are these figures?

[eMac4ever]

Mac sales really have been increasing the past couple of quaters. Hopefully, those new Mac buyers continue buying Apple products. Also, It's a good thing I own some Apple stock.

[dr_lha]

Originally Posted by Chimera

Having looked at the numbers in more detail it is interesting that compared to the year ago quarter desktop sales are relatively static and pretty much all the growth in mac shipments is in the portable lines. Good to see Apple add 1bn to revenue anyhow.

I imagine this is an industry wide trend. More and more people are buying laptops, and in the MacBook, Apple have an extremely desirable modestly priced laptop. Even my mother in law has one!

[oldwatery]

Nice results especially as the street was forcasting around 50cents.

“Looking forward, 2007 is likely to be one of the most exciting new product years in Apple’s history.”

Oh yeh! I can't wait.

[timmillwood]

Originally Posted by oldwatery

Nice results especially as the street was forcasting around 50cents.

“Looking forward, 2007 is likely to be one of the most exciting new product years in Apple’s history.”

Oh yeh! I can't wait.

so what will we see in 2007?

- iTV
- 802.11n Airport
- iPhone &iPhone Pro

[Chimera]

Originally Posted by timmillwood

so what will we see in 2007?

- iTV
- 802.11n Airport
- iPhone &iPhone Pro

To be honest Steve seems to say that every year, the problem is after he says it the first year if he doesn't say it about the next year shareholders will be more worried about their investment so it becomes a repetition.

[scu]

Apple once again confirmed that more and more people are moving in the Mac camp. The stock is still cheap. In the next 6 months we will see more switchers as new products come out.

[oldwatery]

Originally Posted by timmillwood

so what will we see in 2007?

- iTV
- 802.11n Airport
- iPhone &iPhone Pro

Yeh...plus
- Leopard
- True video iPod
- Hate to say it on this forum but......C2D Laptops

Like the man said "one of the most exciting new product years in Apple’s history.”

I'll have one of each please

[MacQuest]

Originally Posted by timmillwood

so what will we see in 2007?

- iTV
- 802.11n Airport
- iPhone &iPhone Pro

I'm leaning towards MacPhone for the Blackberry/Treo/PocketPC killer with an embedded/lite version of Mac OS X.

Remember, any Apple product using Mac OS has to have "Mac" in it's name from now on per SJ.

So consumer iPhone and MacPhone, or, MacPhone and MacPhone Pro, if the consumer phone has an even more slimmed down version of Mac OS X on it.

[extraextra]

Originally Posted by timmillwood

so what will we see in 2007?

- iTV
- 802.11n Airport
- iPhone &iPhone Pro

Why not just one iPhone?

Since people have brought up C2D and headless Mac's, I'll throw in, "smaller MBP !"

New exciting products...

[WildCowboy]

Originally Posted by Chimera

Having looked at the numbers in more detail it is interesting that compared to the year ago quarter desktop sales are relatively static and pretty much all the growth in mac shipments is in the portable lines. Good to see Apple add 1bn to revenue anyhow.

I'd imagine that it's partly due to the long-term industry-wide shift toward portables.