Apple Rocks!
Apple released it's fourth quarter results on Wednesday, October 18. Once again Apple dramatically exceeded Wall Street's expectations. Wall Street was expecting earnings of $4.67 billion, or $.51 cents per share. Apple delivered earnings of $4.84 billion and a quarterly profit of $546 million, equal to $.62 per share. This was a 27% profit increase from the year-ago quarter. Strong sales of Macs (especially laptops), and continued iPod and iTunes Store strength contributed to this success.
As they say on Marketplace, here are the numbers:
- 58% of company revenue came from Macs (that is, computers, not iPods or iTunes Store sales)
- 4% rise in desktop sales
- 61% of Apple computers sold were laptops
- 56% increase in portable sales from year ago quarter
- 1,610,000 Macs sold this quarter
- 5.3 million Macs sold this year
- 8,729,000 iPods this quarter
- 39 million iPods sold this year
- $4.84 billion revenue
- $546 million quarterly profit
- 27% increase in profit compared to a year-ago
- $11 billion increase in annual revenue over past two years
- $10 billion in cash on hand
- 32% increase in Mac sales in Europe
- 4% decrease in Mac shipments in Japan, though iPod sales grew 28 percent in revenue from the year-ago quarter).
- iPod sales increased 35% in Europe from the year ago quarter (though the purchase price decreased.)
- 40% of the quarter’s revenue came from international sales
- Apple expects revenue of $6.0 to $6.2 billion in the first fiscal quarter of 2007
- Gross margin was 29.2%, from 28.1 percent in the year ago quarter.
Jane