Apple 4Q profit more than doubled on strong iPod sales
5254
Apple Computer said yesterday its fourth-quarter profit more than doubled on sharp rise in sales of its iPod digital-music player.
567210
Apple Computer Inc. AAPL.O shares  jumped as much as 16 percent on Monday, to their highest level  in more than 4 years, after a Wall Street analyst nearly  doubled his price target on the stock.
194524
Stocks rose on Tuesday as strong earnings by Apple Inc.  and American Express Co  eased concern about consumer spending and profits.
393591
Apple reported strong earnings for its fourth quarter on Monday, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.The company beat analyst estimates with net income of $904 million, or $1.01 per share, compared with $542 million, or $0.62 per share, in net income reported in last year&#39;s fourth quarter. Analysts polled by Thomson Financial estimated a consensus of $760.45 million in net income and earnings of $0.84 per share for the quarter ended Sept. 29.The company reported $6.22 billion in revenue, up from $4.84 billion in the fourth quarter last year. The revenue consensus from analysts polled by Thomson was for $6.07 billion.For fiscal 2007, Apple reported net revenue of $24 billion and net income of $3.5 billion, said Peter Oppenheimer, Apple&#39;s CFO, in a conference call with financial analysts.Looking ahead, the company estimates that revenue will hit $9.2 billion with earnings per share of $1.42 for the first fiscal quarter of 2008, Oppenheimer said.The company shipped 2.16 million Macs during the quarter, a 34 percent growth over the year-ago period, Apple said in a news release.Mac sales increased worldwide, spurred by back-to-school promotions, said Tim Cook, Apple&#39;s COO, on the call. In addition to rapid growth in the U.S. and Europe, Mac unit shipments also increased in Japan, a major market where Apple has traditionally struggled to grow, Cook said.Shipment of Mac notebooks, including MacBook and MacBook Pro, grew 31 percent year-over-year and accounted for 62 percent of all Macs sold, Oppenheimer said.Given the success of this back-to-school period, Mac sales could be flat in the upcoming quarter, Cook warned.Sales of the iPhone are outpacing those of the iPod during the first few months after its 2001 introduction, Cook said. The company shipped 1.39 million iPhones during the year and saw a spike in sales after a $200 price drop of the 8GB iPhone from $599 to $399 in September.Apple is confident it will sell 10 million iPhones in the next calendar year, Cook said.Apple sold 10.2 million iPods during the quarter, a 17 percent year-over-year growth. iPod has sold 120 million units to date, Oppenheimer said. The upcoming holiday shopping season will be a big quarter for iPod sales, Oppenheimer said.Apple had a busy quarter with multiple product announcements.Last month, it unveiled the&#160;iPod Touch, a portable multimedia player with a touchscreen user interface and Wi-Fi capabilities. It also announced availability of the iPhone in Europe, with U.K. network operator O2 (UK) Ltd. slated to start shipping the device in November.The company is excited about entering the Europe market, and plans to enter the Asia-Pacific market in 2008, Cook said.On the software front, Apple announced iWork &#39;08, its office applications suite, in August. Mac OS X Leopard, Apple&#39;s latest operating system, will begin shipping later this week.This story was updated on October 22, 2007
54161
Apple Computer Inc. shares rose to a four-year high, erasing the slump triggered September 2000 by a disappointing profit forecast, as demand for the iPod digital music player surges before the year-end holiday shopping season.
360610
Apple Computer Inc. AAPL.O on  Wednesday reported its quarterly profit more than doubled, on  strong sales of its iPod digital music player and notebook  computers and said revenue and earnings for the current quarter  would top Wall Street estimates.
368449
Apple Computer Inc. AAPL.O on  Wednesday posted a quarterly profit that blew past even the  highest Wall Street forecasts on skyrocketing sales of its iPod  digital music players and the highest number of Macintosh  computers sold in more than four years.
411636
Apple Computer (AAPL) stock jumped to a four-year high Monday after a major Wall Street firm nearly doubled its price target on the stock, saying that customer satisfaction with its iPod music player is creating &quot;wildfire word-of-mouth
528691
Shares of Apple Computer Inc. rose more than 10% in early trading today, boosted by its report that quarterly profit and revenue jumped on robust sales of its iPod digital music players, and optimism for the current quarter.
585941
SAN FRANCISCO - Apple on Monday reported its second-best quarter on record sales of Macintosh computers, iPod music players and its new iPhone.
226829
Announcing its  fiscal 2007 fourth quarter results, Apple reported today that it had 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. In the fourth quarter, Apple shipped 2,164,000 Macs, representing 34% growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. Apple also sold 10,200,000 iPods (representing 17% growth over the year-ago quarter) and 1,119,000 iPhones, bringing cumulative fiscal 2007 iPhone sales to 1,389,000.
430256
Apple earnings were very strong during its first fiscal quarter, but it disappointed financial analysts with its second quarter guidance amid a nervous stock market, and iPod sales were lower than expected.
640620
Apple Inc  blew by  analysts' estimates with a 67 percent rise in profit on Monday  as the popularity of its iPhone and iPod boosted Macintosh  computer sales, and its shares jumped 7 percent.
419090
Apple announced second quarter financial results, with revenue of $5.26 billion and a net profit of $770 million, or $.87 per diluted share. These results compare to revenue of $4.36 billion and a net profit of $410 million, or $.47 per diluted share, in the year-ago quarter. Gross margin was 35.1%, up from 29.8% a year ago. International sales accounted for 43% of revenue.
160687
Apple Computer Incâs quarterly profit has more than doubled on sales of 2 million iPod digital music players. Q4 earnings per share of the company have beaten Wall Street expectations by 50 per cent.
52670
Apple Inc  beat Wall  Street targets with a 67 percent rise in quarterly profit on  Monday, led by strong sales of its Macintosh computers and a  big first full quarter from the iPhone, sending its shares up  nearly 6 percent.
647763
Apple Inc blew by analysts' estimates with a 67 percent rise in profit on Monday as the popularity of its iPhone and iPod boosted Macintosh computer sales, and its shares jumped 7 percent.