Apple today announced financial results for its fiscal 2008 first quarter ended December 29, 2007. The Company posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share. These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. Gross margin was 34.7 percent, up from 31.2 percent in the year-ago quarter. International sales accounted for 45 percent of the quarter’s revenue.
MacDailyNews Note: Prior to Apple’s earnings release, analysts surveyed by Thomson Financial had estimated that Apple would earn revenue of $9.47 billion and $1.62 per share.
Apple shipped 2,319,000 Macintosh computers, representing 44 percent unit growth and 47 percent revenue growth over the year-ago quarter. The Company sold 22,121,000 iPods during the quarter, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone sales were 2,315,000.
“We’re thrilled to report our best quarter ever, with the highest revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO, in the press release. “We have an incredibly strong new product pipeline for 2008, starting with MacBook Air, Mac Pro and iTunes Movie Rentals in the first two weeks.”
“Apple’s revenue grew 35 percent year-over-year to $9.6 billion, an increase of almost $2.5 billion over the previous December quarter’s record-breaking results,” said Peter Oppenheimer, Apple’s CFO, in the press release. “Our strong results produced cash flow from operations of over $2.7 billion during the quarter, yielding an ending cash balance of over $18.4 billion. Looking ahead to the second quarter of fiscal 2008, we expect revenue of about $6.8 billion and earnings per diluted share of about $0.94.”
MacDailyNews Note: Analysts surveyed by Thomson Financial are looking for Apple to report Q2 08 revenue of $6.99 billion and earnings per share of $1.09. Historically, Apple’s guidance is notoriously conservative.
Apple will provide live streaming of its Q1 2008 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. PST on Tuesday, January 22, 2008 at http://www.apple.com/quicktime/qtv/earningsq108/ and will also be available for replay.
MacDailyNews Note: On October 22, Apple CFO Peter Oppenheimer provided guidance for first quarter of fiscal 2008, “We expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”
As of 3:35 PM CST, Apple is down to $135.84.
Yikes!
that makes a lot of sense….i just love the stock market. i should have cashed out at 200.
And people were worried
I just added to my shares at $136.
Thats not apples folt everyone is going down, We are heading for a crash
“net quarterly profit of $1.58 billion”
NICE ! ! !
Way to beat that Street!
Keep the cool stuff coming.
(AAPL is at 155.64.)
THAT doesn’t suck, but the extended hours is WAYYYYY down, what the hell is wrong with people?
The whole market is in free fall right now.
Share price isn’t indicative of anything right now.
AAPL: After Hours: 158.00 +2.36 (1.52%) Jan 22 4:24pm ET
Buy Buy Buy Buy now!
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Told you bozos to sell weeks ago when it was 200.
Hunh, I don’t know where that figure is coming from, I’m showing 139-ish…..
Are you kidding? Buy what?
As of 4:44 pm EST, AAPL is at $139.71 and falling!
“As of 3:35 PM CST, Apple is down to $135.84.”
I dont know what ticker you’re watching but according to Marketwatch, it never got below 146 today.
If you got some at 136, good for you.
Wow, just a little better than I expected, $1.70eps, on earnings; however, the shipment numbers are lower than expected. In other words, gross margins were great, best ever.
2.3M Macs is great, but 2.5M would have been a blowout.
22M iPods is pretty flat from last Xmas, and I was expecting 25M iPods.
2.3M iPhones is double the previous quarter, which is great, because it’s following the iPod pattern of doubling in the Xmas quarter, but I thought they had sold 2.5M or so, based upon Steve’s announcement of 4M, but that includes a couple more weeks after the New Year, but still.
I only took a little, 265 shares off the table at $201, and still have 950 shares. I was trying to offload another 350 before earnings but never found a good sell point. Oh, well, right idea, but lack of execution.
And now it’s dropping like a rock. Good news always does that for some strange reason. Oh well, time to buy more shares.
AAPL: After Hours: 146.35 -11.10 (-7.05%) – Jan 22, 4:31PM ET
@macromancer, I’m guessing he’s talking after hours trading, as he mentioned CST, not EST.
I’m showing $141+ and stabilizing/rising at 4.47EST.
Note: AAPL closed $155.64 and it is changing hands at $140 at 4:47 pm….a cool 10% drop.
@ Macromancer
I’m watching AAPL stock on CNBC right now. It’s at $140.95 in extended hours (3:48pm CST).
This should play out well for Apple.
Good numbers.
Too bad about Heath. Seemed like a good guy.
After hours trading is voodoo trading. It will open tomorrow right where it ended today. It might slide down towards where it is after hours but they dont open trading the following day where it ends after hours.
I’m happy I got out of stocks and into currency trading a year ago.
I can make steady money even in a bad economy.
HEATH LEDGER IS DEAD!
Does anyone know the number of days it took for AAPL to go from $135 to $200?
I would like to compare that to the very few days it took for it to go from $200 to $135.
@ Question Please
Look it up on Google Finance or Yahoo Finance.