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Apple Posts 4Q 2008 Earnings Results

rdowns

rdowns

macrumors Penryn
Original poster
Jul 11, 2003
27,397
12,521
Apple blows it out again

$1.26 EPS ($1.11 anticipated)

Revenue of $7.9 billion

2,611,000 Macs shipped. (below expectations)
11,052,000 iPods (above expectations)
6,892,000 iPhones (way above expectations)

$25 billion in cash.

OY, they provided very low guidance. Get ready for the stock to plummet.

Taking this from CNBC.

Link up
http://biz.yahoo.com/prnews/081021/aqtu138.html?.v=47
 
Article Link
https://www.macrumors.com/2008/10/21/apple-reports-1-14-billion-profit-for-q4-2008/
edit: NVM i read that wrong.

Anyone got total iphone sales since debut?
 
This is sweet. I hope Wall Street gets this.

In accordance with the subscription accounting treatment required by GAAP, the Company recognizes revenue and cost of goods sold for iPhone(TM) and Apple TV® over their economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures* for the quarter are $11.68 billion of "Adjusted Sales" and $2.44 billion of "Adjusted Net Income."
Click to expand...
 
rdowns said:
OY, they provided very low guidance. Get ready for the stock to plummet.
Click to expand...

Care to explain to a 17 year old what that means? :D

I just dont understand why a company that obviously is doing well is going to have their stock go down (then again i never seem to hear anything other than apples stock go down, even tho they seem to always be doing great).
 
AAPL up $1.83 after hours.

Shows you what I know. :D
 
Apple Reports $1.14 Billion Profit for Q4 2008



Apple announced their financial results today for the 4th quarter of fiscal 2008 . Apple posted revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share. These results compare to revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 33.6 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.

Apple shipped 2,611,000 Macintoshcomputers during the quarter, representing 21 percent unit growth and 17 percent revenue growth over the year-ago quarter. The Company sold 11,052,000 iPods during the quarter, representing eight percent unit growth and three percent revenue growth over the year-ago quarter. Quarterly iPhone units sold were 6,892,000 compared to 1,119,000 in the year-ago-quarter.
"Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone -- we sold more phones than RIM," said Steve Jobs, Apple's CEO. "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt."
Click to expand...

Apple will provide live streaming of its Q4 2008 financial results conference call at a 2:00 p.m. PDT.

We will post highlights here.

Article Link: Apple Reports $1.14 Billion Profit for Q4 2008
 
NT1440 said:
Care to explain to a 17 year old what that means? :D

I just dont understand why a company that obviously is doing well is going to have their stock go down (then again i never seem to hear anything other than apples stock go down, even tho they seem to always be doing great).
Click to expand...

It's their official forecast for the future quarter. The markets have been spooked by Apple's very conservative predictions for the future, even though they always do it.

rdowns said:
AAPL up $1.83 after hours.

Shows you what I know. :D
Click to expand...

After losing $7.00 during the day in a general tech selloff.
 
NT1440 said:
Care to explain to a 17 year old what that means? :D

I just dont understand why a company that obviously is doing well is going to have their stock go down (then again i never seem to hear anything other than apples stock go down, even tho they seem to always be doing great).
Click to expand...

Guidance is the amount of EPS (earnings per outstanding share of stock) they expect for the next quarter (October-December). Apple is notorious for giving low numbers which adversely affects its stock price. The price of the stock is what investors believe will happen in the future.
 
Did I read that right?

6.892.000 iPhone units sold in Q4.

That's absolutely huge!!!

That's a increase of 861 % Y/Y

Remember the time the iPod took off like that?
 
Can somebody saw Switchers? Apple continues to break prior Mac unit numbers. Clearly an indication of new Mac users. Nice job Apple.
 
IJ Reilly said:
The forecasted a wide range, from $1.06 and $1.35.
Click to expand...

Yes, but the original estimates were for $1.66, so even the high end of the scale is well below that.


rdowns said:
AAPL up $1.83 after hours.

Shows you what I know. :D
Click to expand...

That's the last trade, but it's currently halted.

It will reopen trading at 5:10pm.


I think it's tough to predict how the street will read this call - up or down - especially in this market!
 
Cinematographer said:
Did I read that right?

6.892.000 iPhone units sold in Q4.

That's absolutely huge!!!

That's a increase of 861 % Y/Y

Remember the time the iPod took off like that?
Click to expand...

“Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone — we sold more phones than RIM,” said CEO Steve Jobs.
 
Listening to the conference call...

If iPhone revenue was not deferred, it would represent 39% of Apple's revenue.

Spending a bit of time explaining deferred revenue to analysts.

iPhones...
Have already sold more than 10 million, which was their goal for 2008.

Macs...
21% year to year growth
Record for any quarter
Believe numbers were hurt by people waiting for new laptops
 
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