iPhone injects juice into Apple profits
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Mobile phone has reawakened demand for the technology company's laptop computers and iPods.
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Apple Inc.'s fiscal fourth-quarter profits jumped 67 percent and easily beat Wall Street expectations, capping a record-breaking year that saw unprecedented momentum in its Mac business, ceaseless consumer interest in its iPod players and a successful introduction of its newest endeavor, the iPhone.
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Apple's economic gains signal Rule Breaker potential.
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Announcing financial results for its fiscal 2008 first quarter, which ended December 29, 2007, Apple today posted revenue of $9.6 billion and net quarterly profit of $1.58 billion, or $1.76 per diluted share. These results compare to revenue of $7.1 billion and net quarterly profit of $1 billion, or $1.14 per diluted share, in the year-ago quarter. In attaining its highest revenue and earnings in company history, Apple shipped 2,319,000 Macs, a 44% unit growth and 47% revenue growth over the year ago quarter; sold 22,121,000 iPods, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter; and sold 2,315,000 iPhones in the quarter.
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Fruity one nears a billion in fiscal Q4 Apple is celebrating a strong fourth quarter with revenues of $6.22bn in the three months ending 29 September 2007, and a profit of $904m, or just over $1 a share.â¦
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Can St. Steve move up a plane? Scepticism about the launch of the Apple iPhone is growing, and it isn't helping the Apple share price. What a coincidence that exactly as things get tougher in the stock market, rumours start appearing that will "cause a 40 per cent premium on the Apple share price"!â¦
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Apple Inc.'s  iPhone may be  too expensive for most Americans, but the much-hyped device is  expected to help AT&T Inc.  win quality customers and  drive shoppers into its stores.
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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
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Apple's recipe for success continues to entice.
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Just how much will the iPhone boost AT&T's business?
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It is not just Apple that stands to make big profits from its effort to redefine the mobile phone industry.
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You think low-priced products are going to cut down on profits at Apple? Think again.
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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.
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Apple reports record quarterly profits boosted by sales of the iPod music player and its notebook computers.
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Hackers have figured out how to unleash Apple's iPhone from AT&amp;T's cellular network, but people hoping to make money from the procedure could face legal problems.
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Apple said its revenue rose by 35 percent to $9.6 billion in its year-ending business quarter, driven by record Macintosh, iPod and iPhone sales as well as strong demand for the company's latest software release. Net profit rose to $1.58 billion, or $1.76 per share, versus $1 billion in the fourth quarter of 2006.
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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.