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Apr 12, 2001
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Apple announced their 3rd Quarter 2008 Financial Results today. Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion (or $1.19 per diluted share). This compares favorably to revenue of $5.41 billion and net quarterly profit of $818 million (or $.92 per diluted share) in the year-ago quarter. Apple shipped 2,496,000 Macintosh computers and 11,011,000 iPods this quarter.
"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."
Looking to the fourth fiscal quarter 2008, Apple expects to earn a revenue of $7.8 billion and earnings per diluted share of about $1.00.

Apple's financial results webcast will begin at 5pm ET / 2pm PT.

Article Link
 

queshy

macrumors 68040
Apr 2, 2005
3,689
4
nice quarter for apple.

it's pretty obvious that they're busy working on finishing some stuff - imagine what would happen if there were NO new Apple announcements for the rest of 2008!
 

D4F

Guest
Sep 18, 2007
914
0
Planet Earth
Sales rising up, customer care is going down... I guess Apple is joining some giants with their philosophy.

Oh well. Good numbers tho.
 

iMacmatician

macrumors 601
Jul 20, 2008
4,249
55
"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."
Redesigned MacBook Pros and MacBooks?
iLife '09 and iWork '09?
Updated iPods?
Mini-tablet? :cool:
New iPod socks? :rolleyes:

Interesting...revenue is 7.46 billion? So they spent 6.39 billion? dang...
For what? It can't all be iPhone development... can it?
 

iOrlando

macrumors 68000
Jul 20, 2008
1,811
1
Guidance is insanely low.

$1.00 where the street was looking for $1.25

Looks like a very consertative number due to economic fears.

Not totally surprised with the results. I think apple wants analysts to bring that $1.25 down to more like $1.15.

Target prices might come down a few bucks, but I dont see any reason for major price cuts.

All-in-all.. meh.. nothing too bad nothing too good.
 

50548

Guest
Apr 17, 2005
5,039
2
Currently in Switzerland
38% is below what estimates?

Stock is falling NOT because of current numbers, but simply because of Apple's historically-conservative guidance, as usual...

These are FANTASTIC numbers which show that the sky is the limit for Apple, a record-breaking company quarter after quarter...

More growth than anyone else in the computer industry with its Macs, extremely solid sales for iPods that continue to DOMINATE the music industry, and a winning iPhone in all accounts, as the best and most successful smartphone in history...MICROSOFT IS DEAD IN THE WATER.

GO APPLE! TORA! TORA! TORA!
 

Sandfleaz

macrumors regular
Jan 9, 2007
113
0
"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO. "We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."

emphasis mine :)
 

t0mat0

macrumors 603
Aug 29, 2006
5,454
279
Home
" and we're busy finishing several more wonderful new products to launch in the coming months."

And i'd imagine they're debugging several others...
Snow Leopard in 12 months, MobileMe update soon, Mac Mini needing a refresh, the laptops in line for a platform change, iPhone 3G selling above what even Apple had ready to manufacture - all looking promising
 

MacinDoc

macrumors 68020
Mar 22, 2004
2,266
5
The Great White North
The market doesn't seem to realize that Apple is not posting revenue from any iPhone sales for the past quarter (this was explained in a previous post). Mac sales up 38%, and surprisingly, iPod sales up as well (it was previously thought that iPod sales had peaked). The problem is that the market follows key terms (such as "earnings less than most market forecasts" or "guidance lower for the next quarter" like a flock of sheep.

The smart investors will look into things in more detail and see that Apple increased year-over-year earnings in spite of not having a key source of its income, that sales increased dramatically, and that there are potential new revenue streams (such as the App store) coming on-line for the current quarter. And they will likely conclude that with today's drop in AAPL, it is now a good time to buy the stock at a discounted price.
 

Matthew Yohe

macrumors 68020
Oct 12, 2006
2,198
129
Guidance was 1.00, consensus street estimate was 1.10-1.11

Where are you guys seeing that the street was any more than that?
 

iMacmatician

macrumors 601
Jul 20, 2008
4,249
55
we're busy finishing several more wonderful new products to launch in the coming months."

emphasis mine :)
By "new," does Apple mean "updated, redesigned, or new," "redesigned or new," or "new, as in a never-existed-before-in-Apple's-lineup" product?

If it's the first, then our hopes have gone up for nothing.
If it's the second, then that points to redesigned laptops soon.
If it's the third, I can't think of anything but the mini-tablet.
 

Matthew Yohe

macrumors 68020
Oct 12, 2006
2,198
129
Good call. My mistake, I was just watching the stock dive and assumed it was due to doing poorly compared with estimates. Why is that guidance so bad though?

You obviously don't follow AAPL's historically conservative guidance.
 
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