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Rocketman

macrumors 603
Original poster
http://www.apple.com/pr/library/2007/04/25results.html

Headline numbers
EPS $0.87
Sales $5.26B
Gross margin 35.1% !!
1517000 macs
10549000 iPods


Apple Reports Second Quarter Results
Earnings Grow 88 Percent Year-over-Year
CUPERTINO, California—April 25, 2007—Apple® today announced financial results for its fiscal 2007 second quarter ended March 31, 2007. The Company posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and net quarterly profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1 percent, up from 29.8 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.

Apple shipped 1,517,000 Macintosh® computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter.

“The Mac is clearly gaining market share, with sales growing 36 percent—more than three times the industry growth rate,” said Steve Jobs, Apple’s CEO. “We’re very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline.”

“We are very pleased to report the most profitable March quarter in Apple’s history,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about $.66.”

Apple will provide live streaming of its Q2 2007 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, April 25, 2007 at www.apple.com/quicktime/qtv/earningsq207/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime.

This press release contains forward-looking statements about the Company’s estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include potential litigation and government enforcement actions that may result from the matters investigated by the special committee of the board of directors and the restatement of the Company’s consolidated financial statements; unfavorable results of legal proceedings; the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; war, terrorism, public health issues, and other circumstances that could disrupt supply, delivery, or demand of products; continued competitive pressures in the marketplace; the continued availability on acceptable terms of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the ability of the Company to make timely delivery of new programs, products and successful technological innovations to the marketplace; the effect that product quality problems could have on the Company’s sales and operating profits; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s dependency on the performance of distributors and other resellers of the Company’s products; the Company’s reliance on the availability of third-party digital content; the potential impact of a finding that the Company has infringed on the intellectual property rights of others; and risks associated with the Company’s retail initiative, including significant investment cost, uncertain consumer acceptance and potential impact on existing reseller relationships. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 30, 2006, its Form 10-Q for the quarter ended December 30, 2006 and its Form 10-Q for the quarter ended March 31, 2007 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and will enter the mobile phone market this year with its revolutionary iPhone.

Rocketman
 
Apple's Second Quarter 2007 Financial Results: $770 Million Profit



Apple released their second quarter 2007 financial results today.

Apple posted revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share. This compares to revenue of $4.36 billion and net profit of $410 million in the year-ago quarter (Q2 2006).

Apple shipped 1,517,000 Macs and 10,549,000 iPods this quarter, representing a 36% increase in growth in Macs and 24% increase in iPods compared to the year-ago quarter.

"The Mac is clearly gaining market share, with sales growing 36 percent -- more than three times the industry growth rate," said Steve Jobs, Apple's CEO. "We're very excited about the upcoming launch of iPhone in late June, and are also hard at work on some other amazing new products in our pipeline."

Apple will broadcast the financial results live at 5pm ET. We will post updates and highlights here.
 
does it get better?

No matter what you say about Jobs, he's done a remarkable job making Apple better than ever.
 
Absolutely demolished all estimates. I'm so happy I finally bought some in january.

Now looking forward to the conference call so Steve can talk up the stock another 5%.:D
 
Profits have almost doubled!?!

It's time for some price breaks, I think...:)
 
New Products in the pipeline?

New Products in the pipeline?:eek:

Yipeeee! Oh nooooooooo! All at the same time.

Congrats to Apple on all the success. I will be buying my new Mac as soon as Leopard comes out and I already have my money saved for my "first" iPhone. The wife wants one too. :D
 
Congratulations Apple. It makes me so happy to see how well Apple is doing.
 
Yet another fabulous quarter. Just goes to show that despite the Leopard delay, and not having as many hardware updates as some around here seem to want, Apple is still doing extremely well financially and sales are still quite strong.

AAPL is now at $103.02 in after hours trading.
 
STOCK SPLIT??? I don't know, I like it up here, maybe we can catch Berkshire Hathaway in a few years.
 
Even I; the Apple perma-bull, had really low expectations for this quarter. I thought that Mac and iPod sales would be verry weak because of the iPhone and Leopard being delayed until september.

Things are only going to get better from here!
 
I thought that Mac and iPod sales would be verry weak because of the iPhone and Leopard being delayed until september.

Things are only going to get better from here!

This quarter ended in March. We didn't even know Leopard was going to be delayed until *October*
 
good news. good news. i'm happy to see Apple outperform expectations.

They further lowered future expectations by saying:

Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third fiscal quarter of 2007, we expect revenue of about $5.1 billion and earnings per diluted share of about $.66.”

This despite the expected summer sales surge, the iPhone release, which if nothing else will result in front-loaded sales as early adopters clamor for initial limited supplies.

This is classic UPOD, but might be more extreme than usual in this case.

I endorse a stock split.

Rocketman
 
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