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.
And this was the quarter BEFORE Leopard is released!
$15.4 billion in cash? Think maybe it’s time to pay a dividend to your shareholders?
On a side note, does M$ still have shares in AAPL or was that sold a long time ago.
If Apple can teach the Phone Industry a thang or two…
perhaps Apple can put a difference in Retail too.
Hide behind those curtains Mr. Pull Back.
sj
my OSX hackintosh feels snappier now
“Someone find Laura Goldman, I want to know what she thinks.”
Laura Goldman is apparently deranged and I mean REALLY deranged. Check this out:
http://percywalker.com/2007/06/28/percy-referees-a-defamation-brawl.aspx
MS sold their shares a while ago. Leopard won’t have that great an impact, just run the numbers. Apple could team up with Google to buy some 700Mhz spectrum.
omigod, i can’t even imagine what the next quarter will be like if apple’s guidance is above the street consensus. i’ll bet a couple of analysts fainted when they heard the guidance.
@Gil
MS sold many many years ago. All non-voting stocks. MS has zero stake on Apple. I bet they wished they kept buying but they had no choice: they had to sell after 3 years from the acquisition. They could not keep the stocks per the deal.
Excuse the dumb question, but do I have to do something to get the webcast started? I hit the link and pressed play but I’m not hearing anything. Are they starting by listing Steve Ballmer’s accomplishments? That would explain the silence.
Apple retail stores are more profitable per sq. ft than any other retailer. ANY! They finally opened one near me last week and I’m in Metro Detroit. They opened to a line of people around the building. These products are sold by the people who buy and love them. They also sell themselves.
Hey guys just a heads up. You can get free transcripts of the webcast at http://www.seekingalpha.com. It might not be up till later tonight or tomorrow.
Just the beginning….
The Tipping Point won’t be far off now…
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Come on apple, lets put that 15.4B of cash to work. SNDK and ADOBE look tasty.
To the people who think 15 billion is “too much” in the bank:
AAPL and aquisitions?
Why aquire some company, when you can just siphon-off their customers, quarter-after-quarter?
“Retail is not as easy as it looks.”
You’ve obviously never been to an Apple store on a sleepy Tuesday morning and had to fight for a place in the check-out line. The FACT is that Apple runs the tightest retail ship in the nation and puts every other chain to shame. You can say any nonsense you like, but the numbers don’t back you up.
Aaah Pull Back the Curtain
Yep you always have to have one smug toss pot desperately trying to back up his delusions with incomprehensible fud.
buy elgato with that cash
incorporate into TV
@ JD Markwell
Thanks for the Goldman link, great stuff!
@chrissyone
AAPL is trading at 183.81 on the CNBC ticker
Where do you find that info?? I live in Mexico and I know nothing about your stock market. I had never seen a Mac until July 06, when I fell in love at the Apple store in Las Vegas, she was married so I settled on an iMac 20″!
Do not get me wrong, I do own stock, at last count 225 head of cattle and 30 something hogs on my ranch
IPhone?
“I would say time for an acquisition or two, but I really don’t know what Apple would buy!”
How about a few game developers instead of letting them all go to MS and EA? Then make a decent gaming-oriented mac?
I think if they got a few mac exclusive games under their belt and a decent machine for it, it would actually help their market penetration a lot. I know there are a lot of people out there who aren’t necessarily so hardcore that they are set on building their own gaming machine, yet who do want something that will perform reasonably well and be upgradeable. And a workstation like the Mac Pro just isn’t ideal for that.
I note that the iPhone has sold almost 1.5 million to date (adding 270,000 from the first 2 days to the 1.1 million this quarter). Yeah… it wasn’t selling at all. That’s why they had to lower the price.
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JD, the Laura Goldman link is priceless. Can anyone else say “Stock manipulation?” I knew you could. It really is disgusting how those big players really make their money. Anybody who thinks they can “day-trade” and beat the market needs to know that they are playing against deranged individuals like this who have billions in assets to throw at manipulating prices. You have no chance except to buy and hold quality stocks, or to get very very lucky.
Read the latest issue of Fast Company to see what kind of employees get hired at Apple, iPhone scandal aside. A very different group from those that may come from Best Buy and McDonalds
$15,000,000,000 … a damn buncha zeros
Now, as pointed out by many, including KenC above:
Apple, get with Google, or do it alone, whatever works
Sell the farm, mortage the house, rent out the wife and kids, cash in all those beer and soda cans
Go “all in”, for broke, shoot the wad, bet the pile
And win that 700MHz auction
Then everyone can Kiss Our Ass™
Think Different ? Of course
Think BIG too, REAL BIG
BC