In after-hours trading, shares of Apple Inc. (AAPL) rocketed up $9.64, or 5.53% to hit $184.00 on heavy after-hours volume of 6,937,312 shares.
[UPDATE: 5:45pm EDT: AAPL shares are currently up $13.39, or 7.68%, to $187.75 on extremely heavy after-hours trading volume of 12,804,135 shares.]
Apple today bulldozed Street expectations, announcing record 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.
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 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.
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. At $184, Apple has risen over 64% since Goldman’s “sell” recommendation.
Didn’t Laura Goldman say sell sell sell. I think we all should email her and ask for her expert opinion. LOL
Wow, a buldozer in space…
THATS RIGHT MOTHER F—-ER!!!!!
$$$$$$$$$$$$$$$$$$$$
Those are some stellar figures indeed. However, pundits would point out that 1.1 million iPhones do look a bit underwhelming. But the Apple story is always based on the Mac. And profit margins from Macs sure beat those from the iPhone. Time to open that bottle of ’84 Chateau in the cellar.
I am putting a sell on Microsoft, the company that made windows vista.
Anyone know if this puts Apples market value above IBM or Intel?
what happened in Japan? down 11%
I think Laura should sell her company and give back to her constituents the money they would have made had she not said “sell” on AAPL.
Dear MDN,
We feel that it is entirely unfair for you to give credit solely to Laura. True, she did make those now infamous declarations. However, there is a legion of equally inane stock analysts whose combined limited wisdom surpasses even hers. We have consistently predicted (wrongly) the demise of your favorite fruit company. We deserve to be recognized.
Sincerely,
Filthy Hacks
Those are some stellar figures indeed. However, pundits would point out that 1.1 million iPhones do look a bit underwhelming.
Underwhelming? 1.1 million $500-600 (that was the price for all but the last two or three weeks of the quarter, then it was $400) phones in one quarter is underwhelming?
I’d sure like to sell something so underwhelming.
This puts market capitalisation of Apple solidlz above both IBM and Intel. This is going to be a momentous event tomorrow, when the dust (and the stock price) settles. Unless it settles below $180, Apple’s market cap will for the first time eclipse both companies, and will be well on its way to overtake Google.
@AAPL Shareholder
1.1 million iPhones is a pretty stellar figure. #1 best-selling phone for AT&T;. #4 best-selling phone in the entire US. This for a $400 ($600 for part of the quarter) phone.
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What a great quarter!!!!!!!
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http://firetonykornheiser.blogspot.com/
Uh, I can’t think of anything to say.
“Your passion, Our . . . . uh, uh, uh™”
The iPhone is only on sale in the U.S. 1.1 million iPhones sold in the US alone in one quarter is phenomenal. The product has only been out since June! It took the iPod more than a year to reach 1 million sold. The iPhone is gonna be huge!
Just wait till they launch in Europe and Australia, the iPhone numbers will be through the roof.
As a guy who has my life savings in AAPL, I’m thrilled with these numbers.
Market Cap: Well, After Hours it’s hard to tell, but Apple sure will have surpassed IBM and Intel by tomorrow.
Zune Tang, you can always brag about the Turd Zune selling out at 20 bucks!!!! LOL
Yeah, if that’s underwhelming, where the hell does it put average companies that are having average growth rates? Would they be called beleagured?
“As a guy who has my life savings in AAPL, I’m thrilled with these numbers.”
That makes two of us. Cheers!
magic word : “justice”
@Jooop…
I love Apple, man, I really do. As clearly you do. But I gotta tell you–diversify! If you really have your life savings in AAPL I strongly encourage you to sell some and buy some other investment vehicles.
Let me clarify my statement for the math-challenged:
Apple sold 1 million iPhones in the first 74 days of it going on sale. That’s an average of 13,513 per day. The quarter has 91 days. If the rate of iPhone sales kept its momentum, Apple would have sold well over 1.2 million units. I know I’m nitpicking. But in light of the $200 price cut, you would expect the momentum to INCREASE, not decrease. Clearly something is not right. But as long as AAPL keeps making me $, I’m not complaining.
Record sales on mac just before Leopard is introduced. Waw!
This proves that Steve made a good strategic decision to delay Leopard in favour of the Iphone. Vista was going nowhere at the time (and still today) and Mac sales were going exteremly well without the need for a possibly unstable Leopard. Excellent call, Steve! In you, we trust.
Now just give us a stable Leopard along with some excellent media coverage and AAPL at 200! I bet on 2,8 million macs sold in Q4.
Oh, yes, do not forget that despite the long-term accounting on Iphone sales, the actual money is already in the bank.
Darkness, I think your reasoning is flawed. When you have the “nuts” (cardspeak for an unbeatable hand) you go all in.
Keep in mind that with Leopard being released this Friday, AAPL revenue will be phenomenal. A lot of people are holding off Mac purchases pending release of Leopard. This weekend will be nothing but the sweet music of cash registers at Apple Stores. Can we say 5 million Macs sold in Q4?
You can get pretty good Market Cap info for AAPL on the google finance page. It compares with the other co’s in near real time. 15 min delay.
AAPL
http://finance.google.com/finance?q=aapl