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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The stock, as of 6:03PM EDT is up +$13.18 (9.58%) to $150.26! Holy Crap … am I glad I am long on quite a few shares! Woo Hoo! Go Apple!
The fascinating thing about these results is the stellar portable numbers.
A 41.6% rise in unit numbers and over 35.8% in terms of revenue sounds like solid evidence of the Halo effect in action.
BTW, if anyone is interested, if AAPL consolidates on it’s after-market gains tonight, that thing you’ll see in the rear-view mirror is HP.
My magic word for this post is “ill”, which I would have thought would sum up the condition of some of the Apple naysayers about now.
270,000 iPhones sold in two days. That’s only two days people, hello! Sales of the iPhone did not stop after the second day so they can easily achieve a million sold by the end of next quarter.
@me: You’re right, bud. I don’t know why I bother — it’s not like I have that much time to waste. LOL.
Anybody know a good Dashboard widget for watching after-hours trading?
@me: You’re right, bud. Not sure why I bother — it’s not like I have that much time to waste. LOL
Anybody know a good Dashboard widget for watching after-hours trading?
(I hope this doesn’t double-post. The first one went thru, but never appeared.)
Shit. I just earned over $70 000. Only in few hours. I bought most of my AAPL under $55 000.
” width=”19″ height=”19″ alt=”cool smile” style=”border:0;” /> (No. I did not sell anything. My advise is still strong. BUY!)
Well I estimated that 146,000 iPhones would be activated in the first 30 hours. I am so fscking prescient!
I do not mean to sound stupid, but
where do you find “after hour trading info”
YES
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
HAHAHAHAHAHAHAHAH
http://finance.google.com/finance?q=AAPL
Google IT… hotinplaya
You know, whether Apple sold it’s 1 millionth iPhone yet or not really does not matter. If they sell it by the end of the quarter it does not matter. What matters is that after that millionth iPhone is sold the next month ATT cuts Apple a check for roughly $11 million dollars. Then after that 10 millionth iPhone the next month that check is roughly $110 million.
What everyone is failing to see outside of Apple and us is that Apple is a growth business. They add 35 to 40 stores a year, they double their amount of iTunes business every year. They increase their mac business upwards of 30% quarterly. They sell 20 million iPods at christmas. Every part of their business is a growth. They don’t set sales goals they can’t reach. With this management team and current business model Apple could grow their business for the next 15 years just as they have the last 2 or 3.
So I am still pissed that I sold at $93 and $87, and wish I currently had a chunk to plunk down. The previous 140% over the last year and a half is exactly what will keep happening, only the pace will quicken.
What was that Crapper, I mean Cramer said about sell a few shares?
” width=”19″ height=”19″ alt=”raspberry” style=”border:0;” />
nasdaq:
http://quotes.nasdaq.com/asp/MasterDataEntry.asp?page=After Hours Market
That guidance for next quarter is a joke. It is not even conservative, but just rediculously low. Is Apple closing for the summer or something?
@ hotinplaya
http://finance.google.com/finance?q=AAPL
Click “Settings” above the chart, select the checkbox “Extended Hours” and then select a “1d” (1 day) zoom level to see the full effect more easily. To the un-initiated, it is NOT advisable to do much trading in the extended post or pre hours unless you know what you are doing. It is easy for a stock that is tracking one direction to actually open in the complete opposite direction during normal trading hours. But .. it is QUITE fun to watch!
Amazingly, my MMW is “stock”, as in I hope you have some for this ride!
Be aware that there is a chairstorm building in the Seatlle. It will move anally around the world. (Shorry I just opened the wine bottle…It is 1:33 AM here.)
I shook out my piggy bank today and bought 84 more AAPL at 136.40. Yuk-yuk-yuk… alla way to the bank.
” width=”19″ height=”19″ alt=”smile” style=”border:0;” />
To me, 250,000 iPhones sold on the first weekend was always going to be the realistic, respectable bottom-line figure. Anything above that is just icing on the cake.
The one thing we should all not do after today is to get carried away by wild speculation about sales figures. So a million iPhones sold is all I’ll be looking for in the September quarter!
But enough about the iPhone. Look how the old “daddy” product – the good, old Macintosh, the guy who started it all, the almost forgotten one among the shiny new iPods and iPhones – is once again striding out with a new spring in its step!
There’s still a misconception that the iPhone is just another phone. As with the iPod, people will have to see it in action to realize they want – nay, need – one. It’ll be another slow buildup to dominance.
The RAZR is the best selling mobile phone of all time.
It has sold a grand total of (approximately) 12 million units.
The iPhone will be the best selling mobile phone EVER by the end of 2008, guaranteed.
” I know everyone is concentrating on iPhone but this Mac number is the exciting one too me. The tipping point has arrived.”
Serious? up a measly 160k units on best quarter ever in a market which moves ~60 million units a quarter, and you have a tipping point?
Even taking the iPhone numbers at face value, 270,000 phones in 2 days, that represents 6 months of demand released in 2 days, not some ongoing trend.
Sounds like Apple is forecasting 730k iphones next quarter, give or take, to hit the million mark. That’s about 3 million phones a year.
Apple will sell 100 000 000 iPhones and another 100 000 000 iPods. That is for sure. It is though very much fun to see that Apple will next year sell over 20 000 000 macs. Leopard is the answer… Don´t forget Leopard… Don´t… it will beat the shit out of well… shit… well… Vista…
“Don´t forget Leopard… Don´t… it will beat the shit out of well… shit… well… Vista…”
Vista has already sold more units than all Macs ever sold. Leopard making that much of an impression is unlikely.
“It has sold a grand total of (approximately) 12 million units.”
That’s the V3 RAZR. the RAZR series has sold over 50 million phones and is still going strong.
“best selling mobile phone EVER by the end of 2008, guaranteed.”
OK, to beat the Nokia 1100, only 199.73 million units to go…
11 million iPhones a month, you’re an optimist.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$