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.
RE: Goldman Link
It actually gets funnier. If you read further into the Goldman discussion on the previous link you find another link to this discussion which refers to an earlier July 17th “Apple shares hit new all-time closing high – again” MDN article:
Re: Laura’s sell recommendation… check out this site Laura, it’s a hoot! The Apple faithful are having you for lunch since you made that silly sell order.
http://www.macdailynews.com/index.php/weblog/comments/apple_shares_hit_new_all_time_closing_high_again_070717/
@ hotinplaya
I was watching CNBC’s ‘Closing Bell’ (secret crush = Maria Bartiromo) for the earnings report and watching the crawl. I’m not sure if they have a Mexican station, but I’m sure their website would tell you…
http://www.cnbc.com/id/15838421/site/14081545/
@ JD Markwell
WOOT! Hi Laura!!!
With all that cash…maybe:
1. Dividends anyone?
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2. Buy some stake in a certain video card manufacturer for extra “benefits”.
3. Agree with Vlad – Invest in some game devs
Not necessarily the best moves, just from the top of my head. And not that Apple will do anything different from what they’ve always been doing. Anyone got more to add?
LOL! @ MDN title. the title just cracked me up when i opened it last night…i mean there is no greater feeling of contempt when u know that its really just BULLDOZING every single estimate they projected
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go AAPL.