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Old 10-23-2007, 04:02 PM   #15
test54
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Apple Reports Fourth Quarter Results

CUPERTINO, California—October 22, 2007—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.”


Q&A Highlights:

• Reiterates that the iPhone is a multiyear exclusive agreement with AT&T
• Direct sales 57% of total company revenue. Up from 53% in year-ago quarter.
• Europe sales did not have typical lull in August.
• Holiday quarter is usually a big quarter for iPods.
Sales of iPhones accelerated after price drop.
Confident in shipping 10 million iPhones in Calendar 2008
Still on target to get iPhone in Asia in Calendar 2008
• Japan continues to be the most challenging major market. iMac was well received.
• Over 40,000 iPod Distribution locations, 8700 Mac Distribution locations
• Apple rep guesses that 250,000 iPhones sold to unlockers
• Apple Working with Salesforce.com
• No updates on Enterprise testing of iPhone.
• Vast majority of Macs in the last 4 years able to run Leopard. ~21 million Macs.
• 15 million were eligible to run Tiger when it launched
• Over 50% of Macs sold in Retail stores were sold to individuals who had never owned a Mac before
• Most successful back to school season they have ever had.


In case anyone was interested.
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Last edited by test54; 10-23-2007 at 04:03 PM..
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