Well the official press release for Apple’s 3rd Quarter Results has been released and there is some good news within…
The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.
Apple shipped 1,764,000 Macintosh® computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac® shipments by over 150,000. The Company also sold 9,815,000 iPods during the quarter, representing 21 percent growth over the year-ago quarter.
“We’re thrilled to report the highest June quarter revenue and profit in Apple’s history, along with the highest quarterly Mac sales ever,†said Steve Jobs, Apple’s CEO. “iPhone is off to a great start—we hope to sell our one-millionth iPhone by the end of its first full quarter of sales—and our new product pipeline is very strong.â€
“We are very pleased to report strong financial results including cash flow from operations exceeding $1.2 billion for the quarter,†said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the fourth fiscal quarter of 2007, we expect revenue of about $5.7 billion and earnings per diluted share of about $.65.
You’ll notice the only mention of the iPhone is in reference to what Apple “hopes” to do. No hard numbers were given, which (I’m guessing) is only going to reinforce At&t’s lackluster iPhone numbers.
UPDATE: On the conference call it was cleared up that Apple sold 270,000 iPhones in the first 48 hours of sale.
5 thoughts on “UPDATE: Apple Reports 3rd Quarter Results…Things are Looking Good….”
While the results came in at the higher end of expectations, they do reinforce Apple’s reliance upon the Jobs machine.
For more consideration click:
https://sneakybusiness.typepad.com/sneaky/2007/07/apple-earning-1.html
Actually, it is in the first 30 hours, not 48. It is also really 30 hours only for the fifth avenue Apple Store that is open 24 hours a day.
Frederic: And the online store.
“…and our new product pipeline is very strong.†they say and indeed it is! Enough iPhone talk – time for some new iMacs, Macbooks and Pros, and, of course, new iPods ;P
…and a new Mac Pro with 3.16 Xeons, Blue Ray, IR receiver for Front Row