Apple 4Q 2007 Results, Conference Call: $6.22 billion revenue, $904 million profit

MacRumors · Oct 22, 2007, 04:37 PM

Apple has announced their financial results for their 4th quarter 2007 (July - September 2007). The Company posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter.

Apple shipped 2,164,000 Macintosh(R) computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac(R) shipments by 400,000. Apple sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

Quote:

"We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007," said Steve Jobs, Apple's CEO. "We're looking forward to a strong December quarter as we enter the holiday season with Apple's best products ever."

"Apple ended the fiscal year with $15.4 billion in cash and no debt," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42."

Apple will be broadcasting their FY 07 Fourth Quarter Results Conference Call live via Quicktime beginning at 2:00pm PDT, 5:00pm EDT. We will provide highlights and a summary of the call here.

Raw Data: Apple Press Release
Reference Data: 4Q 2006 Financial Results

Article Link

mainstreetmark · Oct 22, 2007, 04:39 PM

how many ipods?!?!

DMann · Oct 22, 2007, 04:40 PM

The Sky's the Limit!

yzp · Oct 22, 2007, 04:40 PM

I should deffinetly get apple stocks!!

jsnyd05 · Oct 22, 2007, 04:40 PM

Wow

And they beat the street on guidance. Absolutely amazing.

Way to go apple!

paddy · Oct 22, 2007, 04:41 PM

Mother of God!

Data · Oct 22, 2007, 04:41 PM

Thats just crazy, Billions, lordy.

Kabeyun · Oct 22, 2007, 04:42 PM

1.4 million iPhones? Wow!

-K

twoodcc · Oct 22, 2007, 04:42 PM

wow! those are some very impressive numbers!

Nick012 · Oct 22, 2007, 04:42 PM

Another few million in Scott Bourne's bank account...

zeppiecr · Oct 22, 2007, 04:43 PM

2.164m Macs
1.119m iPhones
10.2m iPods

flopticalcube · Oct 22, 2007, 04:43 PM

33% margins... whoa!

Passante · Oct 22, 2007, 04:43 PM

Quote:

Originally Posted by mainstreetmark

how many ipods?!?!

They sold 10,200,000 iPods . I'm sure someone will spin this as evidence that ipod sales are slowing

Eidorian · Oct 22, 2007, 04:43 PM

Great news!

Now update the computer hardware.

jsd · Oct 22, 2007, 04:43 PM

iPhone sales still need to accelerate to make the goal. At the average rate they've been selling they'll make it to 5,500,000 or so...of course, I'm sure that sales will accelerate through Christmas given all the interest people have in my iPhone. Even my grandparents want one.

Rocksaurus · Oct 22, 2007, 04:43 PM

$15.4 billion in cash, sitting there. Why not acquire a few games studios for some Mac exclusives and/or go for the throat with some very aggressively priced computers? Seems like now is as good a time as ever to grab some market share.

Oh sorry, I forgot who I was talking about...

tk421 · Oct 22, 2007, 04:44 PM

That's the first time they've sold over 2 million computers in a quarter. Way to go Apple!

mdriftmeyer · Oct 22, 2007, 04:44 PM

Stock is at $183.50 and rising.

Rocketman · Oct 22, 2007, 04:44 PM

Check this out.

"Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter."

Rocketman

jaw04005 · Oct 22, 2007, 04:44 PM

I believe most analysts were predicting 770,000 iPhones sold during the quarter. Let's see what it does to the stock price.

Queso · Oct 22, 2007, 04:44 PM

Quote:

Originally Posted by jsd

iPhone sales still need to accelerate to make the goal. At the average rate they've been selling they'll make it to 5,500,000 or so...of course, I'm sure that sales will accelerate through Christmas given all the interest people have in my iPhone. Even my grandparents want one.

So far they've only sold in the USA. The next quarter sees the potential market double, with the UK, France and Germany all seeing the iPhone launch.

Sbrocket · Oct 22, 2007, 04:46 PM

holy crap, the stock price jumped FAST

http://www.nasdaq.com/aspxcontent/Ex...age=afterhours

phillipjfry · Oct 22, 2007, 04:46 PM

I never expected iPhone sales to spike in sales. I really expect them to gradually get sold as people who didn't want to pay contract canceling fees to jump in on a phone more expensive than their contract cancellation fee. Just a thought.

WildCowboy · Oct 22, 2007, 04:46 PM

Quote:

Originally Posted by jsd

iPhone sales still need to accelerate to make the goal. At the average rate they've been selling they'll make it to 5,500,000 or so...of course, I'm sure that sales will accelerate through Christmas given all the interest people have in my iPhone. Even my grandparents want one.

With five more quarter before the end of 2008, they'd be closer to 7 million at the current pace. But that doesn't account for the international launches that are just around the corner. Their potential market is about to get significantly bigger, and the sales numbers will certainly reflect that going forward.

We also only had less than a month at the lower price point, and perhaps even lower-priced models are in the pipeline as well.

Edit: Or just read dynamicv's post.

mrwizardno2 · Oct 22, 2007, 04:47 PM

Quote:

Originally Posted by Rocksaurus

$15.4 billion in cash, sitting there. Why not acquire a few games studios for some Mac exclusives and/or go for the throat with some very aggressively priced computers? Seems like now is as good a time as ever to grab some market share.

Oh sorry, I forgot who I was talking about...

Are you kidding? Remember what happened when they cut iPhone prices? People pissed and moaned and got their apple credit.... think what this would cause.

"The Jones's just bought a macbook pro for $400 less than we did! Oh noes!"

*giggle*

Oct 22, 2007, 04:39 PM	#2
mainstreetmark macrumors 68000 Join Date: May 2003 Location: Saint Augustine, FL	how many ipods?!?! __________________ iTunesRegistry.com <-- v3.0 Now Playing

Oct 22, 2007, 04:40 PM	#3
DMann macrumors Demi-God Join Date: Jan 2002 Location: 10023	Awesome The Sky's the Limit! __________________ Think Different - Innovate

Oct 22, 2007, 04:40 PM	#4
yzp macrumors regular Join Date: Mar 2007 Location: Quebec	I should deffinetly get apple stocks!! __________________ expect the unexpected! YZ![.]

Oct 22, 2007, 04:40 PM	#5
jsnyd05 macrumors newbie Join Date: May 2006 Location: the lou	Amazing! Wow And they beat the street on guidance. Absolutely amazing. Way to go apple!

Oct 22, 2007, 04:41 PM	#6
paddy macrumors 6502a Join Date: Jun 2005 Location: I measc mo dhaoine	Mother of God! __________________ Check out the band!

Oct 22, 2007, 04:41 PM	#7
Data macrumors 6502 Join Date: Dec 2006	Thats just crazy, Billions, lordy.

Oct 22, 2007, 04:42 PM	#8
Kabeyun macrumors member Join Date: Mar 2004 Location: Eastern USA	1.4 million iPhones? Wow! -K

Oct 22, 2007, 04:42 PM	#9
twoodcc macrumors 603 Join Date: Feb 2005 Location: Right side of wrong	wow! those are some very impressive numbers! __________________ tville pump Smarter than the average bear

Oct 22, 2007, 04:42 PM	#10
Nick012 macrumors regular Join Date: Apr 2007 Location: Brussels, Belgium	Another few million in Scott Bourne's bank account... __________________ Black Macbook: 2.16Ghz/2Gb RAM/160GB HD

Oct 22, 2007, 04:43 PM	#11
zeppiecr macrumors member Join Date: Mar 2005	2.164m Macs 1.119m iPhones 10.2m iPods

Oct 22, 2007, 04:43 PM	#12
flopticalcube macrumors 601 Join Date: Sep 2006	33% margins... whoa! __________________ iThink therefore iAm.

Oct 22, 2007, 04:43 PM	#14
Eidorian macrumors G3 Join Date: Mar 2005 Location: Indiana	Great news! Now update the computer hardware. __________________ MRoogle it! hikari T7500 2.2 GHz / 4 GB / 320 GB / GMA X3100 / 10.5.8 chobimaru Core i5 750 2.66 GHz / 4 GB / 640 GB / 4830 / Windows 7

Oct 22, 2007, 04:43 PM	#15
jsd macrumors member Join Date: Oct 2003 Location: Orange, CA	1,389,000 iPhones iPhone sales still need to accelerate to make the goal. At the average rate they've been selling they'll make it to 5,500,000 or so...of course, I'm sure that sales will accelerate through Christmas given all the interest people have in my iPhone. Even my grandparents want one.

Oct 22, 2007, 04:43 PM	#16
Rocksaurus macrumors 6502a Join Date: Sep 2003 Location: California	$15.4 billion in cash, sitting there. Why not acquire a few games studios for some Mac exclusives and/or go for the throat with some very aggressively priced computers? Seems like now is as good a time as ever to grab some market share. Oh sorry, I forgot who I was talking about...

Oct 22, 2007, 04:44 PM	#17
tk421 macrumors 6502a Join Date: Dec 2005	That's the first time they've sold over 2 million computers in a quarter. Way to go Apple!

Oct 22, 2007, 04:44 PM	#18
mdriftmeyer macrumors 6502a Join Date: Feb 2004 Location: Pacific Northwest	Up over $13 in afterhours trading Stock is at $183.50 and rising.

Oct 22, 2007, 04:44 PM	#19
Rocketman macrumors 68020 Join Date: Dec 2001 Location: Claremont, CA	Check this out. "Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter." Rocketman __________________ Think Different-ly! Looking for an iPhone dev with way too much time on her hands for BASIC programs I have.

Oct 22, 2007, 04:44 PM	#20
jaw04005 macrumors 68030 Join Date: Aug 2003 Location: AR	I believe most analysts were predicting 770,000 iPhones sold during the quarter. Let's see what it does to the stock price.

Oct 22, 2007, 04:46 PM	#22
Sbrocket macrumors Demi-God Join Date: Jun 2007 Location: /dev/null	holy crap, the stock price jumped FAST http://www.nasdaq.com/aspxcontent/Ex...age=afterhours __________________ Equivalence by ApogeeDev Unibody MBP 15" \| 2.53GHz \| 4GB DDR3 \| 320GB @ 7200RPM

Oct 22, 2007, 04:46 PM	#23
phillipjfry macrumors 6502a Join Date: Dec 2006 Location: Peace in Plainfield	I never expected iPhone sales to spike in sales. I really expect them to gradually get sold as people who didn't want to pay contract canceling fees to jump in on a phone more expensive than their contract cancellation fee. Just a thought. __________________ Proud to be a turtle lover.

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