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Apple Posts $818 Million Profit for 3rd Quarter 2007

iSee said:
LOL! The people who write these reports are so clever.



I thought there's no way they can avoid the bad news for the couple of days that are in the quarter.

'Course, reading between the lines: obscuring exactly how many iPhones were sold means they, themselves are disappointed by the sales (so the much higher figures estimated around launch weren't just analysts' expectations, but might have been in line with Apple's own expectations).

Interesting...
Click to expand...

No its not sneaky there were 270,000 iPhones sold in the first 30 hours.
 
270,000 iPhones sold during the quarter was indeed confirmed during the conference call. That number does not include any accessories...

Macworld said:
Apple only sold iPhones during the final 30 hours of the quarter, as they went on sale on June 29th. Despite AT&T's recent news that it only activated 146,000 iPhones for the quarter, but Apple CFO Peter Oppenheimer revealed that the company sold 270,000 iPhones through its stores and AT&T stores during those 30 hours.
Click to expand...
 
FreeState said:
No it isnt. That 270000 is UNITS there are no units accounted for with accessories.
Click to expand...
I believe you are correct. The unit value refers to the iPhone while the other stuff and the iPhone revenue show up in the revenue item (at least what little revenue they could book from those 270k iPhones that month).
 
iSee said:
LOL! The people who write these reports are so clever.



I thought there's no way they can avoid the bad news for the couple of days that are in the quarter.

'Course, reading between the lines: obscuring exactly how many iPhones were sold means they, themselves are disappointed by the sales (so the much higher figures estimated around launch weren't just analysts' expectations, but might have been in line with Apple's own expectations).

Interesting...
Click to expand...

OK, OK, never mind. It's 270,000 iPhones sold.
Sorry, I was just going by the article summary... (which now has been changed)
 
aricher said:
Where are you seeing that after hours data? I'm seeing:

After Hours: 136.74 -0.38 (-0.28%) - Jul 25, 5:02PM ET
Click to expand...

The price is jumping around so much in after-hours that by the time you post here, it has already changed. Check it out on Google Finance and you'll see it moving.

I can't get on the conference call unfortunately. Must be a problem with my corporate network. Anyone else having problems?
 
aricher said:
Where are you seeing that after hours data? I'm seeing:

After Hours: 136.74 -0.38 (-0.28%) - Jul 25, 5:02PM ET
Click to expand...

It is bouncing around flat, now heading up a bit.

After Hours: 136.60 0.66 (0.48%) as of 5:05PM ET on 07/25/07
 
My quick take.

Another round of blowout earnings. Another quarter where the analysts yet again got it completely wrong. At least the analysts are consistent. They have now been wrong for about 10 years straight. Well done.

The big story here was not the iPhone. It was Mac sales. Mac sales were impressive.

Expect strong follow through next quarter from back to school buying. Following that, leopard, new laptops and new desktops will fuel the Mac line through the end of the year. US market share should be near 10% by the end of the year.

Expect a full iPod refresh in the next few months, spurring sales there, though there might be some cannibalization from the iPhone.

Jobs stated that he expects sales of 1 million iPhones by the end of the year. Which means he expects to sell a lot more than 1 million.

The iPhone story is 1-2 years from now. However, I see Apple moving 1.3 million by the end of the year (stunning for a smartphone, btw). If Apple comes out with an iPhone-lite, priced at 300, expect sales to double or triple. However, I don't see a low-priced iPhone until Macworld at the earliest.

As usual, Wall St. will get it wrong with forward guidance from Apple. At this point I think it's a game with Apple. How low can we guide estimates and blow them away without pissing off the individual investor? I can just see Apple execs snickering and saying "we should tell them we don't expect to make any money next quarter, just to see what happens..."

One has to wonder when Wall St. analysts will get it. They did a bit last quarter when they forecast well above Apple guidance. But they still got it wrong by a large margin.

One of these days, the analysts might actually have to work for a paycheck. But I doubt it.
 
Apple(R) today announced financial results for its fiscal 2007 third quarter ended June 30, 2007. The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54
per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.

Apple shipped 1,764,000 Macintosh(R) computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac(R) shipments by over 150,000. The Company also sold 9,815,000 iPods during the quarter, representing 21 percent growth over the
year-ago quarter.

Steve Jobs said "We're thrilled to report the highest June quarter revenue and profit
in Apple's history, along with the highest quarterly Mac sales ever" and expects to sell one million iPhones by the end of the 4th quarter.

WTG Apple! So much for all the negative bruhaha yesterday! Just Awesome!

Now throw in new iPods, iMacs, Leopard etc... etc....
and Apple will have another amazing Quarter!

So much for all the negative hype!

Congrats again Apple! :)
 
Damn it, I can't listen to the conference. I get a pic on quicktime, and a 1 second silent audio clip.
 
ha u hear that??

"we've got some product transitions that i can't get in to"

he said that speaking of the next quarter, which ends september 29th!!!!
 
So, with 146K phones activated, and 270K sold in the first 30 hours, that means 46% of people who bought iPhones in the first two days didn't activate them in the first two days!!!

How can that be? Am I so different than so many other people that bought them? I couldn't wait to get home and activate mine. I know the delay would be unavoidable for some people, but 46%???

Maybe ATT is completely BS'ing about only 2% of people having activation issues. Or maybe their accounting is sloppy and they really only got the first day's activation numbers or something. :confused::confused::confused:
 
Whoop, they just confirmed - Selling the iphone in europe starting next quarter in a few major countries
 
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