Apple Posts $1 Billion in Profit

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Jan 17, 2007.

  1. macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]

    Apple announced their financial results for the 1st fiscal quarter of 2007 ending on December 30, 2006.

    Apple posted record revenue of $7.1 billion and record net quarterly profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2 percent, up from 27.2 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter’s revenue.

    Apple shipped 1,606,000 Macintosh computers and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter.

    A live streaming conference call of the Q1 2007 Financial Results will take place at 2:00 p.m. PST on Wednesday, January 17, 2007 at http://www.apple.com/quicktime/qtv/earningsq107.

    Full notes available here
     
  2. Retired

    psychofreak

    Joined:
    May 16, 2006
    Location:
    London
    #2
    Whazam!

    A few more weeks of poket money and I can buy them out!
     
  3. macrumors 68000

    Earendil

    Joined:
    Oct 27, 2003
    Location:
    Washington
    #3
    I love you, Apple.
     
  4. macrumors G4

    Teh Don Ditty

    Joined:
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    Location:
    Maryland
    #4
    Those numbers are staggering for Apple. Congrats!
     
  5. macrumors 68020

    combatcolin

    Joined:
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    Location:
    Northants, UK
    #5
    Now make even more money by releasing a consumer upgradable Mac.

    I wish. :(
     
  6. macrumors P6

    Peace

    Joined:
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    Location:
    Space--The ONLY Frontier
    #6
    Good numbers but I noticed they are projecting MUCH lower earnings for the next quarter.

    $7.1 Billion for Q1 2007
    $4 Bilion for the next quarter.

    Christmas rush?
     
  7. macrumors 68040

    Daveway

    Joined:
    Jul 10, 2004
    Location:
    New Orleans / Lafayette, La
    #7
    21 million iPods?!?

    That's way higher than any analyst predicted. They were saying 16.5m which was way too low considering last year's 14m.

    Waahooo for stock holders.
     
  8. macrumors 6502a

    Joined:
    Sep 5, 2006
    #8
    With that profit, Apple might just be able to afford an iPhone and the two year contract charges.
     
  9. macrumors 603

    Stella

    Joined:
    Apr 21, 2003
    Location:
    Canada
    #9
    Congrats.

    BTW: when was the last article regarding Apple's imminement ( spelling ) demise?!
     
  10. macrumors member

    Joined:
    Oct 8, 2003
    #10
    Not a bad idea. If there is anything negative in what is probably the best earnings release in the history of Apple, the CPU sales numbers did not increase over the previous quarter. We need cheaper iMacs and a headless single processor Core 2 Duo model.
     
  11. macrumors 65816

    Squonk

    Joined:
    Mar 15, 2005
    #11
    Why yes it was the holiday rush! :D

    Edit: And lot's of people holding onto their $$$ for the iPhone later this year.
     
  12. macrumors member

    herbalizer

    Joined:
    Apr 12, 2005
    Location:
    Kirkland, WA
    #12
    I hope their stock doesn't go down. :mad:
     
  13. macrumors 601

    LagunaSol

    Joined:
    Apr 3, 2003
    #13
    Oh crap, stellar financial news from Apple. That means my stock will take a dive now, thanks to the bizarre mentality of those who buy and sell Apple shares.

    With AAPL and investors:

    Bad news = bad
    Good news = bad
    Fantastic news = really bad

    Ah well, things will rebound, then head for infinity and beyond.
     
  14. macrumors 68040

    Daveway

    Joined:
    Jul 10, 2004
    Location:
    New Orleans / Lafayette, La
    #14
    I do find next quarter's profits quite scarilly low. Last years Q2 was 4.3m. Yes, that means lower profits than last year. Esh.

    Also, I'm not too excited about Mac growth. Although they are growing, they went from 1.2m to 1.6m macs. I thought it would have been better...thats all.

    Webcast in 10mins.
     
  15. macrumors 68020

    freeny

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    #15
    Of course it will. It always does.;)
     
  16. macrumors G4

    Teh Don Ditty

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    Maryland
    #16
    AAPL is up around $2.00 in after hours trading
     
  17. macrumors 68040

    Daveway

    Joined:
    Jul 10, 2004
    Location:
    New Orleans / Lafayette, La
    #17
    Even with the amazing numbers, the stock could very well go down. Which I wouldn't mind so I could buy even more shares.
    Wallstreet looks forward and forward (4m profit) isn't exactly a rosy future.:eek:
     
  18. macrumors 603

    Rocketman

    Joined:
    Dec 2, 2001
    Location:
    Claremont, CA
    #18
    Mac sales were UP something like 27% over the prior year quarter which is how comparisons are made "fair".

    Margin growth! That means Apple has pricing power.

    BIG unit sales growth, BIG revenue growth, BIG, make that huge, PROFIT growth.

    Wall street is a whore for growth.

    Consumers are whores for features and immediate gratification.

    Apple seems to be delivering.

    Rocketman
     
  19. macrumors 6502a

    VanMac

    Joined:
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    Location:
    Rampaging Tokyo
    #19
    Nice

    Very Nice.

    Go AAPL!
     
  20. macrumors member

    Joined:
    Oct 8, 2003
    #20
    The expected revenue is 4.8-4.9B for the next quarter, and the expected profit is .54-.56 per share.

    In comparison, the revenue for the Jan-Mar quarter in 2006 was 4.36B and the profit was .47 per share.

    Even assuming that Apple is not low-balling as usual, they are expecting more than 10% revenue growth and more than 17% earnings growth next quarter compared to the corresponding quarter in 2006.
     
  21. macrumors member

    mwswami

    Joined:
    Jun 9, 2006
    #21
    I am no analyst but I predicted 18-20M ipods mid November on AppleInsider forum. :D
     
  22. Administrator

    Doctor Q

    Staff Member

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    Location:
    Los Angeles
    #22
    Do we ever learn about Apple's income from the iTunes Store?
     
  23. arn
    macrumors god

    arn

    Staff Member

    Joined:
    Apr 9, 2001
    #23
    I don't think they ever break it out.

    arn
     
  24. macrumors 68040

    Daveway

    Joined:
    Jul 10, 2004
    Location:
    New Orleans / Lafayette, La
    #24
    Nope. It's included under their "music business" results.
     
  25. macrumors regular

    Joined:
    Jan 2, 2002
    Location:
    Bonney Lake, WA
    #25
    Stock will go down does every year!!

    I hope I am wrong but every year after they announce there Q1 results about 2 to 3 weeks later if not days later the Apple stock will plummet. It will most likely do the same again this year as it has for the last three years in a row. The Market seems to think that Apple did really well so therefore there is no way than can keep up the continuous growth. So they go innto this doom and gloom mode Last year the stock took a dive so it will probably do it again.. It always comes back up but it takes like until late spring/summer before we start to see it rise again... SLowly!! Sigh :eek: I hope I am wrong!
     

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