IPod puts Apple&#39;s net far ahead of forecasts
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Apple Computer has announced that its fourth-quarter profit more than doubled because of continued strong sales of iPod music players, beating Wall Street estimates by a wide margin despite a shortage of semiconductors used in its computers.
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Apple reported strong quarterly earnings boosted by record Macintosh computer and iPhone sales on Monday.Apple recorded net revenue for its first fiscal quarter, ended Dec. 29, of $9.6 billion, a 35 percent year-over-year increase, beating estimates of $9.47 billion from analysts polled by Thomson Financial.The company posted quarterly net profit of $1.58 billion, an increase from the $1 billion net profit from the year-earlier quarter. The company recorded earnings of $1.76 per share.Unit shipments of the iPod were 22.1 million units, a 5 percent growth over the year-earlier period. Apple sold 2.3 million iPhones during the quarter, a sequential increase from the 1.12 million iPhones it shipped in its fourth fiscal quarter. Apple shipped 2.3 million Macintosh computers, a 44 percent growth from the year-earlier quarter.According to figures from IDC, Apple&#39;s PC shipments in the U.S. grew 30.9 percent to 1.06 million during the fourth quarter last year with a 5.7 percent market share, behind Dell, Hewlett-Packard, and HP. Apple was not among the top five vendors in PC shipments worldwide, according to IDC.Apple announced Mac OS X Leopard operating system this quarter. It started off the new quarter with a bang, announcing&#160;a movie rental service for iTunes and a skinny laptop, the MacBook Air, which CEO Steve Jobs proclaimed was the &quot;world&#39;s thinnest notebook&quot; during a keynote address at the&#160;Macworld Conference and Expo in San Francisco.A week prior to Macworld, Apple announced revamped versions of the Mac Pro workstations and Xserve servers powered by Intel&#39;s power-efficient Penryn processors.
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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 Inc  shares rose more than 5 percent on Wednesday on growing expectations that the company will announce a revamped line of iPods next week.
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Riding the tide of its popular iPhone and a new line of iPods, Apple shares hit the nice round number before dropping back a few cents. The Wall Street boys are bullish.
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SAN JOSE, Calif. - Apple Inc.'s fiscal fourth-quarter profit 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 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.
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Investor's Business Daily - The huge success of Apple Computer's  (NASDAQ:AAPL - News) iPod has drawn the attention of archrival Microsoft  (NASDAQ:MSFT - News).
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Apple Computer shares surged to a four-year high yesterday after a Piper Jaffray analyst said the stock may almost double to $100 within a year, citing a survey that shows the iPod digital
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Pundits have noted that Apple showed only 5% iPod unit growth over last year's Q1, but the real comparison has to include the iPhone, which replaces any potential iPod sale. Even then, growth is slowing.
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Apple Computer Inc.  on Wednesday posted a quarterly profit that more than quadrupled on skyrocketing sales of its iPod digital music players and strong demand for its PowerBook notebook PCs.
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The iPod helped Apple's profit get up and dance. Apple Computer Inc. reported Wednesday that net income for its fourth fiscal quarter jumped 140 percent from the same period a year ago. -The Washington Post
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Shares of Apple Computer Inc.  AAPL.O rose to an almost four-year high on Thursday ahead of  the launch of Hewlett-Packard Co.'s HPQ.N version of the iPod  digital music player and Apple's revamped iMac computer.
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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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Apple Inc on Tuesday forecast a quarterly profit far below analysts' expectations and posted disappointing holiday-season iPod shipments, sending its shares down 12 percent on fears the weak economy would hurt the Macintosh maker.
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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.
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Apple reported a 57 percent jump in first-quarter profit, but it also gave a forecast that missed analysts' estimates, sending shares down.