Apple Releases Q2 2008 FInancial Results, Posts US$1.05 Billion Profit
23 April 2008 04:37 EST
Chris Barylick
On Wednesday, April 23rd, Apple released its financial results for the second quarter of 2008. The company boasted a US$1.05 billion quarterly profit, citing 2.2 million Macs, 10.6 million iPods and 1.7 million iPhones sold. Total revenues equaled US$7.51 billion or US$1.16 earnings per share.
The following facts were also released within the conference call:
-Highest March quarter revenue to date.
-Revenue: US$7.51 billion, US$2.51 billion increase in year over year comparison.
-Operating margin of 17.5%.
-Net revenues: US$7.51 billion.
-Net income: US$1.05 billion.
-US$1.16 earnings per share, up 33% in year over year comparison.
-Apple expects US$1.07 earnings per share in the next quarter.
-40% U.S. sales growth year over year, 47% international sales growth in year over year comparison.
-51% increase in Macs sold in year over year comparison.
-U.S. education growth rate of 35% in year over year comparison.
-2.29 million Macs sold, representing a 51% growth rate in year over year comparison.
Click the jump for the full story and Jason also has a good bead on the questions asked by the analysts over at the Apple Core...
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Apple to Reveal Second Quarter Earnings on April 23rd
07 April 2008 08:14 EST
Chris Barylick
It's that time again and Apple will announce its second quarter financial results on April 23rd.
Per Macworld UK, the company will make the announcement at 5 PM EST, 2 PM PST and broadcast the event over the Internet through which investors and Apple fans alike can listen to the conference call live.
If you have any ideas or predictions on this, let us know in the comments or forums.
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Apple Posts US$1.58 Billion Profit, US$9.6 Billion in Revenue for Q1 of 2008
22 January 2008 04:28 EST
Chris Barylick
On Tuesday, Apple released the results for the first financial quarter of 2008.
Citing the "best quarter ever", representatives cited a US$1.58 billion profit during the quarter on US$9.6 billion in revenue. The company paid out an earnings per share profit of US$1.76, which rose 54% over the first quarter of 2007 while revenue rose 35%
During the quarter, the company sold 2.3 million Macs as well as 22.1 million iPods during the holiday season, marking the third consecutive quarter that Apple has broken their quarterly sales records for desktops and laptops.
For the 2,319,000 Macs sold, Apple cited a 44% unit growth and 47% revenue growth over the first quarter of 2007. Given the range of the 22,121,000 iPods sold, the company cited 5% unit growth and 17% revenue grown over the first quarter of 2007.
iPhone sales remained strong with the company selling 2.315 million iPhones and representatives stated that "We remain very confident in hitting the 10 million goal for 2008."
Click the jump for the full story...
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Apple to Announce First Quarter Financial Results This Afternoon
22 January 2008 01:39 EST
Chris Barylick
Apple will announce its first quarter financial results for the 2008 financial year this afternoon with a conference call (available through QuickTime here.
Stay tuned for full results as well as a complete breakdown of results, sales figures and what's expected for the second quarter.
And if you have any financial wisdom to offer on a day where the Fed lowers the interest rate three quarters of a point to stave off recession-worry disaster, feel free to share it over in the comments or forums.
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Apple to Bypass Circuit City for Mac Sales, Focus on Best Buy
23 October 2007 08:54 EST
Chris Barylick
You get some pretty interesting things out of the quarterly figures. Not included in the numbers but equally important, Apple announced that it has decided not to continue its partnership with retailer Circuit City in the eastern United States at this time and will focus its energies on growing its relationship with the Best Buy chain.
According to AppleInsider, Apple has expanded its store-within-a-store program with Best Buy to 230 locations at the end of September and plans to expand that number to 270 locations by the end of 2007.
In recent months, Apple has begun upgrading its Best Buy store-within-a-store areas, the locations featuring mini theaters, stereo speaker systems and embedded LCD displays flanked by glowing Apple logos. The program began in June, 2006 and has reported some success, although no specific numbers to this end have been released.
If any of you have seen this or have any feedback on the partnership, let us know in the comments or forums.
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Apple Releases Q4 Financial Results, Boasts US$904 Million Profit
23 October 2007 08:00 EST
Chris Barylick
Late Monday, Apple announced its fiscal earnings for the fourth quarter in which the company had sold a record-setting 2.2 million and cited a US$904 million profit on US$6.22 billion in sales. These earnings translated into US$1.01 per share according to Macworld News and handily beat the consensus estimate of 86 cents per shared predicted by analysts polled at Thompson First Call.
During the fourth quarter, the company cited strong desktop sales numbers with 817,000 units sold while laptop sales rose to 1.34 million units, composing 62% of Macs sold during the quarter.
In the year-to-year analysis Apple, cited that sales had grown by 34% over the fourth quarter of 2006, Apple chief financial officer Peter Oppenheimer illustrating this to be the highest sales and earnings numbers ever seen by Apple in its September quarter.
Other areas showed considerable improvement as well. International sales skyrocketed to account for 40% of the quarter's revenue and Apple generated US$24 billion in net revenue and $3.5 billion in net income for the quarter to end the fiscal year with US$15.4 billion in cash and no debt, according to Oppenheimer.
Click the jump for the full story...
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iPhone/iPod Sales Create Flash Memory Shortage
15 August 2007 03:31 EST
Chris Barylick
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
25 July 2007 04:54 EST
Chris Barylick
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.
Click the jump for the full story...
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Intel Capital to Invest US$218.5 Million in VMWare
09 July 2007 09:50 EST
Chris Barylick
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
17 January 2007 05:30 EST
Chris Barylick
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.
Click the jump for the full story...
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Apple Earnings Conference Call After the Bell on Wednesday
17 October 2006 10:31 EST
Jason D. O'Grady
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
14 August 2006 09:11 EST
Jason D. O'Grady
Apple 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
17 July 2006 10:28 EST
Jason D. O'Grady
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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