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Apple Posts $818 Million Profit for 3rd Quarter 2007

Chaszmyr said:
So I guess the iPhone sales aren't so great, which makes me sad. However, Mac sales are even cooler than iPhone sales!
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The only thing not great about iPhone sales is people's ridiculously high expectations. The fact is that the iPhone is an expensive device, entering a marketplace of cheap/free phones (yes, we all know in real terms they're not cheap, but that doesn't matter to the consumer), with a required extra $20 a month on top of people's regular bill.

Given this I think > 1/4 million on 30 hours is pretty spectacular.
 
"The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share."


I think the WS was expecting $.72 :eek:

also 270,000 iphone sales.
 
Peace said:
Read the data sheet closer :
http://images.apple.com/pr/pdf/q307data_sum.pdf

"(6) Consists of iPhones and Apple-branded and third-party iPhone accessories.
"
Click to expand...

Well, I seriously doubt they sold 100,000 iPhone docks and headphones in the first 30 hours since those are included with the iPhone, so I highly doubt that makes up much of the total. I'm sure this is a question that will be asked during the conference call for clarification, so we'll see what they say.
 
Nasdaq's After Hours quotes already shows AAPL shooting up from where it was prior to the press release, although its about even with the market close price still right now. They're volatile, though. We'll have to see what happens tomorrow.
 
altglbrs said:
$5,000,000 revenue on 270,000 units... do the math and you'll see that quite a few of those "units" weren't iPhones.
Click to expand...

Does that 5 mean 5 million or 50 million?

EDIT: Seems like 5? Maybe its the delayed charging coming into play?

GUess they will ask on the cast.
 
All this growth is proof that the economy is in shambles, Macs and iPods are overpriced, and Apple is a doomed company.
 
FoxyKaye said:
You'd think that with all that money, they could update the Mac lineup and ship Leopard before the snow falls.
Click to expand...

I don't understand your statement.

What's the correlation between money, refreshed project lines and software development?

Do you really think that throwing more money at Leopard or any other software project would speed up development and testing?

And exactly what's wrong with the Mac product lineup. From this report, people are buying them.

Your statement makes no sense.
 
Hey guys, dont forget that they dont account for all revenues for each iphone sold immediately, so this is only a portion of all iphones sold, which is why 5,000,000 seems like a small number. Remember they are doing a different type of accounting method, accruing revenues over time instead of upfront. Also, there werent any apple branded accessories.
 
Sbrocket said:
Then, embarrassingly enough, "The Street" needs to check its facts and math before it puts out reports. Silly media outlets.



5M = $5,000,000 = 5 million
Click to expand...


Or people here need to learn to read Accounting charts. When the chart says Units is means units. The other items are included in the revenue not the units. 270,000 is the correct number of units sold.

EDIT to add look at the chart for iPod accessories - note how many units it lists (none).
 
Chaszmyr said:
So I guess the iPhone sales aren't so great, which makes me sad. However, Mac sales are even cooler than iPhone sales!
Click to expand...

Apple.com - "said Steve Jobs, Apple’s CEO. “iPhone is off to a great start—we hope to sell our one-millionth iPhone by the end of its first full quarter of sales-"

1,000,000 iPhones in the first 3 months and two days after introduction. Beats MS Zune player for a million by June or around 8 months. Wonder what Steve Ballmer is saying now about the most expensive phone that is not a great e-mail device because it doesn't have a keyboard, etc.? :D
 
Sbrocket said:
Then, embarrassingly enough, "The Street" needs to check its facts and math before it puts out reports. Silly media outlets.
Click to expand...

The "Street" is upfront that the numbers they toss out are estimates. It's the MSM that keeps reporting these estimates as fact. It's just lazy reporting and lazy listeners that believe anything that has the MSM imprimatur.
 
Peace said:
The iPhone revenues are being spread out over a 12 month period.
Multiply $5 Mil, X 12 = $60 Mil. in sales the first 2 days.
Click to expand...

I thought it was 24 months, or $120 million total. That makes an average selling price per item of $444, which sounds more reasonable.
 
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