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 http://www.apple.com/quicktime/qtv/earningsq207/ and will also be available for replay.
You know, this is enough to piss off the pope. Here I am sittin on 10 grand that’s earmarked for the stock market, so I’ve waited a few weeks to buy when Apple announced their quartely results. See, for the past several quarters Apple has dipped quite a bit every time they announce record earnings/sales/etc so I figured this will be no different. But oh no… now that I’m ready to do something it runs the opposite way. Figures. Think I should buy Ford, or Dell? j/k
Yes, yes, yes!!! AAPL just jumped over 100!!!
This is insane!!! No iPhone, Apple TV and selling outdated iPods??? Wow!!!!
I meant to mention, AAPL is up over $103 in after-market.
no new products and they crush estimates – i have ridden tthis stick the low 17s and made a killing – when it touched i started buying a lot and i mean alot and did really well.
For the first time since then i feel again that it will touch 200 bt xmas – trust me. thought this quarter would be bad but with ipobe, new os, ne ipods, back-to-school, xmas, itune innovation, new software addition to apple tv and do not forget the splits – yes splits do help.
how “much” do you think it will touch??
You forgot to mention that leopard isn’t do for another 3 months to but the Apple TV is selling quite well and with Macs outselling everything else it just proves that Apple still is a computer company.
So much for the Leopard delay hurting anything……
After Hours: 103.45 +8.10 (8.50%) Apr 25 4:40pm ET
Good thing I bought AAPL shares at 17.
10.5 million iPods in one quarter….yikes….those are almost ZUNE-like numbers
Very impressive. Not bad for my portfolio, either. WOO HOO!!
I thought Vista was supposed to slow down Mac Sales! With the big WoW factor and all.
I think Gates and Ballmer must be saying
“Wow- Look at apple go, how can we copy that?”
“Here I am sittin on 10 grand that’s earmarked for the stock market,”
and I thought I was a small time player………..feel much better now.
“Here I am sittin on 10 grand that’s earmarked for the stock market,”
and I thought I was a small time player………..feel much better now.
“Here I am sittin on 10 grand that’s earmarked for the stock market,”
and I thought I was a small time player………..feel much better now.
“Here I am sittin on 10 grand that’s earmarked for the stock market,”
and I thought I was a small time player………..feel much better now.
Expected revenue about the same as 2 quarter = No new product will be shipped in this quarter 🙁 or if they do, they will not affect the revenue in positive manner 🙁
@No Squirt,
I started buying around the same time too. Added more since. Today’s after jump adds 10% to the stock. I’d love to hear them say “stock split” during the conference call.
The board of directors also came out and stated that they fully backed Steve.
Magic word: strong as in this stock is STRONG
unreal,
I think AAPL will touch 150 or more by the end of the year.
By the way, I’ve got a sneaking feeling that, among the Macs, the new-design iMac is going to be the big sensation this year.
@ Shinobi – What about Vista
Gates and Ballmer are secretly buying AAPL under a company called Two Turds Trading Inc
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Very hefty sales and profitablity increase with no new Macs, ipods, or iPhone, congrats Apple. Suddenly a 10% market share for Macs doesn’t sound like wishful thinking.
On a lighter note, I bet its raining chairs in the northwest this afternoon.
@ Another Irish Dude,
I am LOL!
I predicted 80 cents a share a few days ago and that was well above everyone else’s predication and even I was underestimating.
Good job Apple – just goes to show how profitable a monopoly is!!
I wonder what Jobs’ quote of “are also hard at work on some other amazing new products in our pipeline” might have in store???? I WANNA KNOW! lol
am on conference call right now…..
i cant get into the conf call !!!
anybody elese having this problem ?