Apple today announced financial results for its fiscal 2007 third quarter ended June 30, 2007. Apple 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 computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac 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. Apple did not release an exact number of iPhones sold. Apple stated the company sold 270,000 units of “iPhone (4GB and 8GB models combined) and related products and services” which “consists of iPhones and Apple-branded and third-party iPhone accessories” in less than two days of quarter.
“We’re thrilled to report the highest June quarter revenue and profit in Apple’s history, along with the highest quarterly Mac sales ever,” said Steve Jobs, Apple’s CEO, in the press release. “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 — and our new product pipeline is very strong.”
“We are very pleased to report strong financial results including cash flow from operations exceeding $1.2 billion for the quarter,” said Peter Oppenheimer, Apple’s CFO, in the press release. “Looking ahead to the fourth fiscal quarter of 2007, we expect revenue of about $5.7 billion and earnings per diluted share of about $.65.”
Apple will provide live streaming of its Q3 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, July 25, 2007 here and will also be available for replay.
MacDailyNews Note: Analysts’ consensus estimates for Apple’s 3rd fiscal quarter expected revenue of $5.28 billion and net income of $645.6 million, or 72 cents per share, up from $472.0 million, or 54 cents per share, for the year-ago period. Apple CFO Peter Oppenheimer’s guidance for Q3 07 expected “revenue of about $5.1 billion and earnings per diluted share of about $.66.”
5:28pm EDT: In after-hours trading, APPL shares stand at $144.83, up $7.57 from their $137.26 closing price.
Apple’s recent earnings and unit sales information:
2007:
• Q3 (ended 06/30/07): revenue $5.41 billion, net profit $818 million, 1.764 million Macs, 09.815 million iPods
• Q2 (ended 03/07/07): revenue $5.26 billion, net profit $770 million, 1.517 million Macs, 10.549 million iPods
• Q1 (ended 12/30/06): revenue $7.10 billion, net profit $1 billion, 1.606 million Macs, 21.066 million iPods
2006:
• Q4 (ended 09/30/06): revenue $4.84 billion, net profit $546 million, 1.610 million Macs, 08.729 million iPods
• Q3 (ended 07/01/06): revenue $4.37 billion, net profit $472 million, 1.327 million Macs, 08.111 million iPods
• Q2 (ended 04/01/06): revenue $4.36 billion, net profit $410 million, 1.112 million Macs, 08.526 million iPods
• Q1 (ended 12/31/05): revenue $5.75 billion, net profit $565 million, 1.254 million Macs, 14.043 million iPods
2005:
• Q4 (ended 10/11/05): revenue $3.68 billion, net profit $430 million, 1.236 million Macs, 06.451 million iPods
• Q3 (ended 07/13/05): revenue $3.52 billion, net profit $320 million, 1.182 million Macs, 06.155 million iPods
• Q2 (ended 03/26/05): revenue $3.24 billion, net profit $290 million, 1.070 million Macs, 05.311 million iPods
• Q1 (ended 12/25/04): revenue $3.49 billion, net profit $295 million, 1.046 million Macs, 04.580 million iPods
2004:
• Q4 (ended 09/25/04): revenue $2.350 billion, net profit $106 million, 836,000 Macs, 02.016 million iPods
• Q3 (ended 06/26/04): revenue $2.014 billion, net profit $61 million, 876,000 Macs, 860,000 iPods
• Q2 (ended 03/27/04): revenue $1.909 billion, net profit $14 million, 749,000 Macs, 807,000 iPods
• Q1 (ended 12/27/03): revenue $2.006 billion, net profit $63 million, 829,000 Macs, 733,000 iPods
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after hours, AAPL is trading at $143.71. Investors are coming back to their senses.
BTW – The Apple stated goal is 10 million units in calendar year 2008 (the first full year in the market). The numbers now don’t count toward meeting that particular goal.
If Apple sold 270,000 in one day plus six hours, the 500,000 number during the full weekend does not seem unrealistic. It’s likely Apple has already sold its one millionth iPhone by now, but is holding back that information for some reason.
I think that everyone here is missing the important number of 1.764 million Macs. This is a staggering number and the highest in company history. It blows away Q4 2006 in volume. I know everyone is concentrating on iPhone but this Mac number is the exciting one too me. The tipping point has arrived.
If I read this right:
Q1 (ended 12/27/03): revenue of $2.006 billion, net quarterly profit
$63 million
Q3 (ended 06/30/07): revenue $5.41 billion, net profit
$818 million
So profit of 818/63=12.98412698413
Apple closed at 21.37 on 31dec03
$21.37x$12.98= $277.38
Did I do that correctly?
Please sell as much as you can. I need more cheap pieces of Apple.
Okay, New Macs already. What’s the fate of the Mac Mini? Were waiting to spend some money.
Magic Word “soon” like when I wanna be buying a new Core 2 Duo Mac Mini for the Living Room (to put the G4 MM in the bedroom and get rid of the DVD/VCR combo)
Is anybody able to hear the conference call? It’s not playing for me.
It’s working here. Sorry for your bad luck.
270,000 iPhones sold… Not far from my estimate of 250,000.
You guys should listen to me, see!
Push play.
Didn’t play for me either. Must have already reached capacity.
Peace.
Stock is up to 147 in the after market. Yum Yum
@twodales
The iPhone is irrelevant with this financial announcement. You are correct and I agree with you that the big news is that Apple is selling a whole lot more Macs then ever before. My neighbors kid bought a MacBook Pro against his fathers advice. Now he (the father), is looking in to getting one. You go to any airport in the US and you will spot at lest a couple of Apple logos on travelers laptop’s. Even though the number of iPhones is still pretty impressive, 1.7 million Macs is the real story.
as I’m typing this, it’s 5:45 pm e.t. and AAPL share has just it the 150.00$ in after-hours trading
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Stock in currently trading at $149.55 in After Hours trading.
If anyone bought during the dip down to $135 then they’d be laughing tomorrow.
I didn’t buy, but I didn’t sell either.
What? Stock is now up $8.04 after hours!
That’s great. Okay what did I miss in the last half hour to cause such a dramatic change in direction for the stock?
Thanks.
Peace.
@ MP: Poor iPhone sales?
The Motorola Razr had 250,000 units shipped to vendors (not necessarily sold to customers) in 30 days, so says BusinessWeek.
Wasn’t the Razr supposed to be one of the hottest selling cellphones in the US or something? Looks pretty weak compared to iPhone’s 270,000 unit sales in 30 hours.
Just crossed 150 in AH. Holy SHIT!
> AAPL share has just it the 150.00$ in after-hours trading
Amazing… I think those misleading low AT&T activation number articles helped lower expectations ahead of the actual numbers from Apple. Now everyone who sold (and more) are trying to buy back in. $200+ doesn’t seem so unrealistic now.
I am being abject and adamant: $150 tomorrow, overshooting HP’s market cap. Huzzah!
NOOOOOO! SELL SELL SELL!!
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@Woody,
Dude, retards just post and never check back. So trying to start an intelligent conversation on this site is a waste of your time.
I guess after hours investors didn’t think the iPhone sales were too bad eh?
amazing, since the last message, I typed, 15 minutes ago, AAPL share went up 350.00$ and is now trading at 500.00$ in after-hours market!
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OK, how about this:
63 / 21.37
= 2.94805802527
818 / 2.948
= 277.4762550882
Did I do that correctly?
got you there for a minute, didn’t I?
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