Apple Posts $818 Million Profit for 3rd Quarter 2007

Matthew Yohe · Jul 25, 2007, 04:39 PM

Apple Reports Third Quarter Results
Record June Quarter Revenue and Profit

“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.”

http://www.apple.com/pr/library/2007/07/25results.html

MacRumors · Jul 25, 2007, 04:46 PM

Apple(R) 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(R) computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac(R) 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.

Steve Jobs said "We're thrilled to report the highest June quarter revenue and profit
in Apple's history, along with the highest quarterly Mac sales ever" and expects to sell one million iPhones by the end of the 4th quarter.

Article Link

plumbingandtech · Jul 25, 2007, 04:47 PM

Quote:

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 --

Booyah.

Maui · Jul 25, 2007, 04:47 PM

"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."

See, it is still a computer company after all.

Markleshark · Jul 25, 2007, 04:48 PM

33% Macintosh Growth and 21% iPod Growth. Thats fracking amazing.

KD7IWP · Jul 25, 2007, 04:48 PM

It's already 2pm pacific time?

Lancetx · Jul 25, 2007, 04:49 PM

270,000 iPhones were sold in the first 30 hours that they were available. AT&T says they only activated 146,000 of those 270,000 in that same time period. Sounds like a lot more than just 2% had activation problems then. Some of the difference is due to iPhones being bought as gifts, or phones not being opened and activation attempted immediately, etc, but still. At least iPhone sales weren't nearly as dire as some had predicted yesterday. 270K sold in only 30 hours is definitely a strong start.

kskill · Jul 25, 2007, 04:50 PM

Booyashacka

And It'll only be getting better from here with Leopard, new iMacs, iPhone, and whatever else Apple whips up.

Helloooooo AAPL

FoxyKaye · Jul 25, 2007, 04:50 PM

You'd think that with all that money, they could update the Mac lineup and ship Leopard before the snow falls.

FreeState · Jul 25, 2007, 04:50 PM

Quote:

Originally Posted by KD7IWP

It's already 2pm pacific time?

Thats from Apples press release on their site, they always release that early. I believe the conference starts at 2:00 (its 1:50 right now).

plumbingandtech · Jul 25, 2007, 04:50 PM

Quote:

Originally Posted by KD7IWP

It's already 2pm pacific time?

They usually release the press release 15 minutes early.

slughead · Jul 25, 2007, 04:50 PM

Quote:

Originally Posted by KD7IWP

It's already 2pm pacific time?

No.

Multimedia · Jul 25, 2007, 04:50 PM

Who can deny Apple and the Mac are gradually gaining popularity more each quarter?

Southernboy · Jul 25, 2007, 04:50 PM

Nice to see mac sales on the upside.

KD7IWP · Jul 25, 2007, 04:51 PM

ah, thank you, I was quite confused as you could tell

Chaszmyr · Jul 25, 2007, 04:51 PM

So I guess the iPhone sales aren't so great, which makes me sad. However, Mac sales are even cooler than iPhone sales!

Hopstretch · Jul 25, 2007, 04:51 PM

They sold 270,000 iPhones in the last two days of the quarter. The "iPhone Flops!" stories were a little premature.

KD7IWP · Jul 25, 2007, 04:52 PM

If only they had released this while the market was still open so that my AAPL could repair itself from yesterday.

plumbingandtech · Jul 25, 2007, 04:52 PM

Quote:

Originally Posted by Chaszmyr

So I guess the iPhone sales aren't so great, which makes me sad. However, Mac sales are even cooler than iPhone sales!

Huh? Not so great?

Stop believing analysts. Most are professional guessers.

Cfour · Jul 25, 2007, 04:53 PM

We're all so sad to see a company that takes our money do well but man what a profit, I feel proud to be an Apple supporter, yes sad but true.
I think they hold a different place in our hearts than other companies.
Can only get better as well *he says as he touches wood*

Cfour

FreeState · Jul 25, 2007, 04:53 PM

Quote:

Originally Posted by Hopstretch

They sold 270,000 iPhones in the last two days of the quarter. The "iPhone Flops!" stories were a little premature.

Yeah thats in 30 hours.. there are another 24 hours in the initial weekend. Id guess 400,000 the first weekend easy.

Peace · Jul 25, 2007, 04:53 PM

Quote:

Originally Posted by Lancetx

270,000 iPhones were sold in the first 30 hours that they were available. AT&T says they only activated 146,000 of those 270,000 in that same time period. Sounds like a lot more than just 2% had activation problems then. Some of the difference is due to iPhones being bought as gifts, or phones not being opened and activation attempted immediately, etc, but still. At least iPhone sales weren't nearly as dire as some had predicted yesterday. 270K sold in only 30 hours is definitely a strong start.

Read the data sheet closer :
http://images.apple.com/pr/pdf/q307data_sum.pdf

"(6) Consists of iPhones and Apple-branded and third-party iPhone accessories.
"

illegalprelude · Jul 25, 2007, 04:54 PM

now come the hell on stocks. Tomorrow, you better break $144!

Markleshark · Jul 25, 2007, 04:54 PM

Yeah, id say half a million in the full weekend. Wow.

plumbingandtech · Jul 25, 2007, 04:54 PM

Quote:

Originally Posted by KD7IWP

If only they had released this while the market was still open so that my AAPL could repair itself from yesterday.

It should tomorrow. Finally we have some real iphone numbers and they are great!

Jul 25, 2007, 04:39 PM	#1
Matthew Yohe macrumors Demi-God Join Date: Oct 2006 Location: Iowa City, IA	Apple Reports Third Quarter Results Apple Reports Third Quarter Results Record June Quarter Revenue and Profit “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.” http://www.apple.com/pr/library/2007/07/25results.html

Jul 25, 2007, 04:46 PM	#2
MacRumors macrumors bot Join Date: Apr 2001	Apple Posts $818 Million Profit for 3rd Quarter 2007 Apple(R) 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(R) computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac(R) 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. Steve Jobs said "We're thrilled to report the highest June quarter revenue and profit in Apple's history, along with the highest quarterly Mac sales ever" and expects to sell one million iPhones by the end of the 4th quarter. Article Link

Jul 25, 2007, 04:48 PM	#5
Markleshark macrumors Demi-God Join Date: Aug 2006 Location: Carlisle, Up Norf!	33% Macintosh Growth and 21% iPod Growth. Thats fracking amazing. __________________ Suuuper, Super Scott, Suuuper, Super Scott, Suuuper, Super Scott, Super Scotty Dobie!

Jul 25, 2007, 04:48 PM	#6
KD7IWP macrumors 6502a Join Date: Mar 2004 Location: My apartment in Canada	It's already 2pm pacific time? __________________ 2.66Ghz Quad Nehalem Mac Pro; 8gb iPhone 3G; 30GB 5G iPod; 512mb iPod Shuffle.

Jul 25, 2007, 04:50 PM	#8
kskill macrumors member Join Date: Jan 2006 Location: new york, ny	Booyashacka And It'll only be getting better from here with Leopard, new iMacs, iPhone, and whatever else Apple whips up. Helloooooo AAPL __________________ http://www.k-skill.com 20" 2.0ghz dual core imac, 2.4ghz core 2 duo mbp canon xh-a1

Jul 25, 2007, 04:47 PM	#4
Maui macrumors 6502a Join Date: May 2007 Location: 6th Floor	"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." See, it is still a computer company after all.

Jul 25, 2007, 04:49 PM	#7
Lancetx macrumors 65816 Join Date: Aug 2003 Location: Texas	270,000 iPhones were sold in the first 30 hours that they were available. AT&T says they only activated 146,000 of those 270,000 in that same time period. Sounds like a lot more than just 2% had activation problems then. Some of the difference is due to iPhones being bought as gifts, or phones not being opened and activation attempted immediately, etc, but still. At least iPhone sales weren't nearly as dire as some had predicted yesterday. 270K sold in only 30 hours is definitely a strong start.

Jul 25, 2007, 04:50 PM	#9
FoxyKaye macrumors 65816 Join Date: Jan 2004 Location: Oakland, Terre d'Ange, Bas Lag	You'd think that with all that money, they could update the Mac lineup and ship Leopard before the snow falls. __________________ G5/2GHz iMac \| G3/600MHz iBook \| iPod 5G, 60GB \| 8GB CF modPod Mini The afternoon, born on the day of the sunlight streaming through the leaves.

Jul 25, 2007, 04:50 PM	#13
Multimedia Banned Join Date: Jul 2001 Location: Santa Cruz CA, Silicon Beach	Wow! Congratulations Apple! Who can deny Apple and the Mac are gradually gaining popularity more each quarter?

Jul 25, 2007, 04:50 PM	#14
Southernboy macrumors Demi-God Join Date: Aug 2004 Location: England	Nice to see mac sales on the upside. __________________ 2.5ghz dual G5 with 30" ACD 1.5ghz 15" PowerBook an iPod or two

Jul 25, 2007, 04:51 PM	#15
KD7IWP macrumors 6502a Join Date: Mar 2004 Location: My apartment in Canada	ah, thank you, I was quite confused as you could tell __________________ 2.66Ghz Quad Nehalem Mac Pro; 8gb iPhone 3G; 30GB 5G iPod; 512mb iPod Shuffle.

Jul 25, 2007, 04:51 PM	#16
Chaszmyr macrumors Demi-God Join Date: Aug 2002 Location: Boulder, CO	So I guess the iPhone sales aren't so great, which makes me sad. However, Mac sales are even cooler than iPhone sales!

Jul 25, 2007, 04:51 PM	#17
Hopstretch macrumors regular Join Date: Apr 2006	They sold 270,000 iPhones in the last two days of the quarter. The "iPhone Flops!" stories were a little premature.

Jul 25, 2007, 04:52 PM	#18
KD7IWP macrumors 6502a Join Date: Mar 2004 Location: My apartment in Canada	If only they had released this while the market was still open so that my AAPL could repair itself from yesterday. __________________ 2.66Ghz Quad Nehalem Mac Pro; 8gb iPhone 3G; 30GB 5G iPod; 512mb iPod Shuffle.

Jul 25, 2007, 04:53 PM	#20
Cfour Banned Join Date: Jul 2007	We're all so sad to see a company that takes our money do well but man what a profit, I feel proud to be an Apple supporter, yes sad but true. I think they hold a different place in our hearts than other companies. Can only get better as well he says as he touches wood Cfour

Jul 25, 2007, 04:54 PM	#23
illegalprelude macrumors 65816 Join Date: Mar 2005 Location: Los Angeles, California	now come the hell on stocks. Tomorrow, you better break $144! __________________ "PeAcE is but a shadow of death, desperate to forget its painful past" It Dreams in Blu-ray PowerMac G5 + AppleTV + iPhone 3GS + PSPgo + 500GB PS3

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