Apple Announces Q2 Financial Results, Reports US$1.21 Billion Profit

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Date: Thursday, April 23rd, 2009, 07:19
Category: Finance

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Amidst strong iPhone and iPod sales, Apple Inc. reported a US$1.21 billion profit for its second quarter despite Mac sales being down 3% for the quarter compared to last year.
“We are extremely pleased to report the best non-holiday quarter revenue and earnings in our history,” Peter Oppenheimer, Apple’s CFO said during the conference call announcing the results.
According to Macworld, Apple posted a total revenue of US$8.16 billion, its best non-holiday quarter to date. The quarter’s revenue and profit was higher than the $7.51 billion revenue and $1.05 billion profit posted during the same quarter last year.
During the quarter, Apple sold 2,216,000 Macs with notebook sales comprising 63% of this at 1,398,000 units and desktop Macs accounting for the remaining 818,000 units.
When asked about Apple’s plans for releasing a netbook, Apple executive Tim Cook said, “If we find a way that we can deliver an innovative product that really makes a contribution, then we will do that–we have some interesting ideas in this space.” Cook said that netbooks currently have cramped keyboards, terrible software, junky hardware, and very small screens, “not something that we would put the Mac brand on, quite frankly.” He added that people who want a small computer that does browsing and e-mail might want to buy an iPod touch or an iPhone.
iPod sales reached 11,013,000, a 3% gain over the same quarter last year. Apple said its U.S. market share for digital music players is more than 70%, based on data from market-reseach firm NPD. The iPod also grew in worldwide markets, with healthy unit sales growth in the U.K., France, Germany, Japan, Australia, and China.
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iPhone/iPod Sales Create Flash Memory Shortage

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Date: Wednesday, August 15th, 2007, 15:19
Category: Finance

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We’re kind of all to blame for this one – or at least everyone who went out and snagged an iPod or iPhone.
The guys over at Macworld U.K. are reporting that flash memory prices have climbed 20% in the last two weeks. The article cites electronics wholesaler Chinavision.com, which has stated that the increased prices make Christmas gadgets more expensive this holiday season.
Short-term price boosts may be attributable to a recent power failure in a Samsung flash memory plant. The outage could have set production back by a week or more and created a worldwide shortage of flash memory, according to Chinavision.
An extremely strong demand for Apple products, namely the iPod and iPhone, may have compounded this. Apple is estimated to consume about 25% of the world’s flash memory supply for its products.
The news may be even worse for other companies, as smaller manufacturers of MP3 players have been forced to close shop in reaction to the price shift. “Their orders just dried up,” said Rose Li, PR manager for Chinavision.com. Li also commented that while flash memory price changes are historically known to be volatile, the latest jump has been both unusually severe and sudden.
An exact guess as to how dramatically the price fluctuation would affect holiday shopping was not immediately available.
If you have your two cents to throw in on this, let us know in the comments or forums.

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Apple Reports US$818 Million Profit for Third Quarter

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Date: Wednesday, July 25th, 2007, 16:03
Category: Finance

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On Wednesday, Apple reported its third quarter financial results. The company stated a profit of US$818 million (or US$0.92 per diluted shared) on US$5.41 billion in revenue for the third quarter.
The results show a marked increase as opposed to a profit of US$472 million (or US$0.54 per diluted share) on US$4.37 billion for the third quarter of 2006.
Apple shipped more than 1.76 million Macs in the third quarter, demonstrating 33% growth compared with Q3 of 2006 as well as 9.8 million iPods, representing 21% growth from a year ago.
Specific iPhone sales numbers were kept under wraps, although Apple CEO Steve Jobs stated he hopes to sell the one-million iPod by the end of its first full quarter, ending September 29th.
Other highlights included the following:
-This quarter yielded the highest revenue in Apple history.
-Representatives cited continued strong demand for the iPod.
-Strong revenue and a favorable commodity market.
-Strong demand for the MacBook and MacBook Pro laptops.
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Intel Capital to Invest US$218.5 Million in VMWare

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Date: Monday, July 9th, 2007, 09:34
Category: Finance

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In other news, Intel Capital, Intel’s investment wing, has announced that it will invest US$218.5 million in emulation software make VMWare.
The investment will occur within VMWare’s Class A common stock, which is subject to customary regulatory approval.
According to Macworld News, this will allow Intel Capital to own about 2.5% of VMWare’s outstanding common stock and an Intel executive is expected to be appointed to VMWare’s board of directors in return.
VMWare is currently nearing an official release of its Fusion emulation software for the Mac OS X platform. The software will retail for US$79.99 and is currently being offered at a pre-order price of US$39.99. Additional details regarding the current beta, which entered final candidate status last week, can be found here.

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Apple Posts $1 Billion Profit, Extremely Strong iPod Sales

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Date: Wednesday, January 17th, 2007, 17:27
Category: Finance
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On Wednesday, January 17th, Apple Inc. posted a record-breaking $1 billion profit on record revenues of $7.12 billion for the first fiscal quarter of 2007. Earnings per share for the quarter were $1.14. This compares to last year’s Q1 earnings with a quarterly profit of $565 million, $5.75 billion in revenues and 65 cents per share.
Profits rose 78% based on iPod sales as compared with one year ago and Apple representatives stated that the company had shipped 1,606,000 Macintosh computers and 21,066,000 iPods during the quarter, representing a 28% growth in Macs and 50% growth in iPods sales compared to Q1 of 2006. International sales accounted for 42 percent of the quarter’s revenue, according to the company.
Financial analysts expect Apple to post revenues of $4.8 to $4.9 billion and earn $0.78 per share in Q2 of 2007.
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Apple Earnings Conference Call After the Bell on Wednesday

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Date: Tuesday, October 17th, 2006, 22:44
Category: Finance

On Wednesday, Oct. 18, at 2:00 PM PDT (5:00 PM EDT), Apple will announce the results of its previous fiscal quarter, which ended on Sept. 30 and closed out the company’s 2006 fiscal year. As in the past, it will discuss iPod and Mac sales, as well as take questions from analysts and the media. A live audio Webcast will be available on Apple’s Web site, and participants can call 719-457-2640 to join in.

Apple Plans Earnings Call For Wednesday || The Mac Observer

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The Apple Core: Apple threatened with NASDAQ delisting

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Date: Monday, August 14th, 2006, 09:14
Category: Finance

nasdaq-logo-2.jpgApple received a Staff Determination letter on Friday from the NASDAQ threatening that its stock could be delisted from the prestigious exchange because it is “not in compliance with the exchange’s rules.”
Read the rest of the story on my ZDNet Blog: The Apple Core.

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Analysts Predict Apple Q3 2006 Earnings

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Date: Monday, July 17th, 2006, 22:41
Category: Finance

Apple’s conference call webcast discussing Q3 – 2006 financial results will begin at 2pm PT/5pm ET on Wednesday, July 19, 2006.

Piper Jaffray analyst Gene Munster and American Technology Research analyst Shaw Wu on Monday gave their thoughts on Apple’s upcoming earnings call, which will happen after the markets close on Wednesday, July 19. Both of them expect the company’s revenue for the previous fiscal quarter to be at the upper end of Wall Street’s consensus estimate of US$4.2 to $4.4 billion, with $0.44 EPS.

Mr. Munster sees Apple announcing iPod sales of 7.7 to 8.2 million units, below the Wall Street consensus estimate of 8.3 million. He also sees 1.23 million Macs sold, compared to the consensus of 1.25 million. In addition, the analyst expects Apple will continue with its tradition of providing conservative guidance for the current quarter, which right now stands at $4.95 billion in revenue and $0.52 EPS, according to Wall Street estimates.

TMO Reports – More Analysts Weigh in on Apple’s Wed. Earnings Call || The Mac Observer

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