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Apple 4th Quarter Results - $44 Million Profit

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Original poster
Apr 12, 2001
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Apple posted their Fourth Quarter results today.

For the quarter, Apple posted a net profit of $44 million or $.12 per diluted share. In comparison, last year's 4th quarter results were a net loss of $45 million.

Apple shipped 787,000 Macs this quarter, and 336,000 iPods, both increases from last year's 4th quarter.

Apple's Finanacial Results Conference call is taking place at this time.
 
Article Link
https://www.macrumors.com/2003/10/15/apple-4th-quarter-results-44-million-profit/
Not Bad News!

The figures are very impressive considering the comparison to last year's quarter. With the new products and the Holiday season, they should do even better.
 
Originally posted by shadowfax
it says they made a profit of 12 cents per diluted share.

this is pretty cool :)
Click to expand...

However after GAAP, 8 cents is the SEC reported standard.

Diluted, you have to love the net 12 cents over loss 13 cents previous year quarter...

Chad4Mac
 
Originally posted by Chad4Mac
However after GAAP, 8 cents is the SEC reported standard.

Diluted, you have to love the net 12 cents over loss 13 cents previous year quarter...

Chad4Mac
Click to expand...
what's the GAAP?
 
Originally posted by sososowhat
Looks good to me, but:

Why is AAPL down 91 cents (3.6%) after hours on this news?
Click to expand...

Buy on the Rumor, Sell on the News.

AAPL has major resistance @ 25-26. I figure that the news is not good enough to bring it over that level. If we could just bring the education market share up, I think that we could break pass this wall...

Tomorrow is a new day, though.

Chad4Mac
 
Originally posted by shadowfax
what's the GAAP?
Click to expand...

"The common set of accounting principles, standards, and procedures. GAAP is a combination of authoritative standards (set by policy boards) and the accepted ways of doing accounting.

These are the rules that companies are expected to follow. If a financial statement is not prepared with GAAP principles then be very wary!

That being said, keep in mind that GAAP is only a set of standards. There is plenty of room in GAAP for unscrupulous accountants to distort figures."

http://www.investopedia.com/terms/g/gaap.asp

Really, it's designed to keep EPS on the same level with all other companies; a similar playing field.


Chad4Mac
 
This should clear up the earnings confusion

Excluding a $6 million after-tax investment gain, a favorable accounting adjustment of $3 million related to Apple's stock repurchase efforts, and other one-time items, Apple said the company would have posted earnings of $29 million or 8 cents per share. Analysts were expecting earnings of 7 cents per share, according to First Call.
 
Great news. I wonder what would be the results if they expensed stock options though....

GAAP= Generally Accepted Accounting Principles
 
In this case, after GAAP means profits before interest earned on money in the bank/stock stuff.

From Apple:
CUPERTINO, California—October 15, 2003—Apple® today announced financial results for its fiscal 2003 fourth quarter ended September 27, 2003. For the quarter, the Company posted a net profit of $44 million, or $.12 per diluted share. These results compare to a net loss of $45 million, or $.13 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.715 billion, up 19 percent from the year-ago quarter, and gross margins were 26.6 percent, up from 26.4 percent in the year-ago quarter. International sales accounted for 38 percent of the quarter’s revenues.

The quarter’s results include an after-tax investment gain of $6 million, a favorable accounting transition adjustment of $3 million related to Apple’s stock repurchase agreement, and a gain on settlement of the stock repurchase agreement of $6 million. Without these items, net income would have been $29 million, or $.08 per share. Management believes that presentation of results excluding these items provides meaningful supplemental information regarding the Company’s operational performance.
Click to expand...
 
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doesn't take kanji-talk input ne?

what I said,

300,000 ipods vs. 700,000 macs!

where is this world going?
and iPod channels are expanding!
 
genearally speaking, what is the minimum share buy-in for stock? i would love to grab some shares of apple, but don't know the investment it would require.
 
Apple comes out with long awaited updates to its macs and delivers more than speed-bumps and they end up making a profit. Gee, who'da thunkit? Maybe they should try doing that every year. Without them just depending on motorola for parts they just might.
 
Originally posted by mxpiazza
genearally speaking, what is the minimum share buy-in for stock? i would love to grab some shares of apple, but don't know the investment it would require.
Click to expand...

Depends. There are outfits that sell one share of AAPL stock. There are brokerage houses where you can buy as many stocks as you want, depending on your cash in the account minus a brokerage fee.
 
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