Apple reports $904m profit, ships 2m macs

[alfredo]

http://www.macnn.com/print/48292

apple reports $904m profit, ships 2m macs
Apple on Monday posted revenue of $6.22 billion and net quarterly profit of $904 million, or $1.01 per diluted share for its fiscal 2007 fourth quarter ending September 29, 2007. 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 Macs, 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."

[Rob H.]

1. Meanwhile, Michael Dell is somewhere doing this:

:banghead:

As a longtime Mac user I'm glad his "Steve Jobs should shut Apple down and give the stockholders their money back" comment came back to bite Dell squarely on his ass, and happier still that Apple is doing so well.

[alfredo]

2. Apple's market cap is twice that of Dell.

[Captain Angry]

3. And that's with 8% of the PC market.

If 10.5 turns out as good as it looks and the next revision of the Apple computers are still awesome, Dell could be in trouble.

If businesses start looking to the Mac because of the issues Vista is having, it's going to get really interesting.

If Apple were to release a competitively priced corporate desktop (i.e. not the iMac or the Mac Pro, but something a little stronger than a Mini), they could really do some damage.

[alfredo]

4. I have the Mini 2gig and I am very happy with it. It does all

I need. The graphics chip is not strong enough for hard core gamers, but more than enough for Photoshop and corporate customers. You can use existing monitors, keyboards, and mice.

Most business use word processing, spreadsheets, e-mail, and maybe point of sale software. None of them need high power computing.

forgot to add:

Apple's market cap has surpassed Intel and IBM.

http://www.macnn.com/articles/07/10/23/apples.market.success/