Apple Inc. has reported Q4 07 net income $1.01 per share, profit of $904 million vs. $542 million in the year ago quarter. Apple reported Q4 07 revenue of $6.22 billion. Apple shipped 2.2 million Macs, 10.2 million iPods, and 1.1 million iPhones.
Apple guided above Wall Street expectations for Q1 08: Apple sees revs of $9.2 billion and earnings of about $1.42 per share. The Street consensus was for $8.58 billion in revenue and earnings of $1.39 per share.
Ahead of earnings, analysts’ consensus estimates, as surveyed by Thomson Financial, were for Apple will earn $0.86 per share on $6.07 billion in revenue for the quarter, compared to a profit of $0.62 per share on $4.84 billion in revenue in the year ago quarter.
Apple’s press release:
Apple today announced financial results for its fiscal 2007 fourth quarter ended September 29, 2007. The Company posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share. These results compare to revenue of $4.84 billion and net quarterly profit of $542 million, or $.62 per diluted share, in the year-ago quarter. Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.
Apple shipped 2,164,000 Macintosh computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. The Company sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.
“We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007,” said Steve Jobs, Apple’s CEO. “We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”
“Apple ended the fiscal year with $15.4 billion in cash and no debt,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”
Apple will provide live streaming of its Q4 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 Monday, October 22, 2007 at www.apple.com/quicktime/qtv/earningsq407/ and will also be available for replay.
Shares of Apple Inc. (AAPL) rose $3.94 or 2.31% today to hit a new all-time closing high of 174.36 on volume of 43,699,397 shares. Apple’s 52-week (intraday) high stands at $174.90, set today. Apple’s 52-week low stands at $76.77, set on December 27, 2006.
In after-hours trading, Apple is up $0.24 or 0.14% to $174.60 on volume of 177,407 shares.
MacDailyNews Note: “I am putting a sell on Apple, the company that created the iPhone,” Laura Goldman, investment advisor, LSG Capital, May 21, 2007. AAPL closed at $111.98 that day. Apple has risen over 55.7% since Goldman’s “sell” recommendation.
Prepare the negative spin machine on TheStreet.com!!!!
… after all they only earned $1.01. Not even enough for a cup of Starbucks.
In after-market trading, AAPL shares hit $184 and are hovering around $182 in the anticipation of the conference call.
On what volume ?
Time to buy Dell and shut it down!!!
Oh No:
“80 cents. big miss ladies”
You were wrong. I doubt you have the balls to admit it, though.
@Macromancer: You are too damn funny!!!!
Judging by TD Ameritrade, the after-hours volume was around million shares (what propelled it to $184). It has subsided to about 300k now (16:30 EDT).
Nice.
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-c
“… after all they only earned $1.01.”
I hope that’s in Canadian dollars.
Somethings wrong with this picture… Apple has a good quarter and the stock goes UP in aftermarket trading? That’s so unlike Apple..
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good solid numbers. I know a lot was factored into stock price already but they had nearly double Q4 over Q4. I don’t think numbers like that were expected. I guess we can expect a decent jump in stock price and then a dip from profit takers and then a real number around 180ish a few weeks from now?
And AAPL is closing in fast on IBM’s market cap. Good times.
“mr. dell, tear down that . . . . . . . gray-beige . . ish . . . tower!”
Apple’s comeback is really quite remarkable. They’re doing almost everything right.
Someone find Laura Goldman, I want to know what she thinks.
Apple just gain $10 B in Market Cap ($12 X 800 M Shares)
IBM is already a rear view mirror. By $8B
So far so good. In the meantime sales of Zune peaked when they were selling at woot for 20 bucks after the discounts. LOL
Price is up, because for once, Apple, guided up, strongly for the Xmas quarter.
Hi Bunson Honeydew, I see you’re a friend of Hitch
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Excellent point. If Apple themselves are so optimistic about the Xmas quarter, we can expect that either a) they’ve finally gone mad or b) there are nice surprises in stock for all Mac fans.
Rejoice.
AAPL is trading at 183.81 on the CNBC ticker in after hours, what will tomorrow bring? 200?
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Can anyone say, ‘Juggernaut’??
I thought you could…
MaWo, ‘soon’. As in, ‘Steve Ballmer will soon be throwing a chair… or having a heart attack… or both.’
We can only hope.
Dig very deep in to the #’s…
Something the Apple Cult members must understand….
When Apple retail had 25 stores, employees were member of the “Cult”, as Apple retail grows beyond 200 stores, what makes you think the hiring pool will be thinking any different from those at Best Buy or McDonalds?
These folks make under $10 an hour, no more bonuses, no more million dollar club….keep assuming positive intent Steve.. Retail is not as easy as it looks.
You may not believe it, but retail SHRINK will have a devastating effect on Apple…give it time
And $15 Billion in the bank with NO debt!
I would say time for an acquisition or two, but I really don’t know what Apple would buy!