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Earnings Topic
Apple Inc. will report first quarter 2008 fiscal earnings (Q1 2008) after the close of the US Stock Market. The quarter ran from October 2007 to the end of December 2007, a period which included the 2007 Holiday shopping season. In this article we place emphasis on the total number of Macs (Macintosh computers) sold during the quarter and offer a prediction.
Apple® today announced financial results for its fiscal 2007 fourth quarter ended September 29, 2007. The Company 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. International sales accounted for 40 percent of the quarter's revenue.
Apple Inc. will report fiscal fourth quarter (Q4) 2007 sales at the close of the US stock market. The earnings report will provide details for the company's performance during the months of July, August, and September 2007 but more importantly, will provide details for Apple's 2007 fiscal year. Analysts polled by Thomson Financial expect the Apple to report earnings of 85 cents per share on sales of $6.05 billion. In the year ago quarter, Apple recorded a profit of 62 cents a share on $4.84 billion in revenue.
I published a prediction last October outling my estimate for 2007 Macintosh sales for Apple's 2007 fiscal year. Specifically, the prediction was made on October 17, 2006 one day before Apple released fiscal 2006 Q4 (fourth quarter) earnings and Q4 Mac sales. The October 18, 2006 earnings release detailed the number of Macs sold during Apple's 2006 fourth quarter and it subsequently allowed analysts to calculate the total number of Macs sold during Apple's 2006 fiscal year.
In a August 22, 2007 article titled "Apple's surprise weapon: Computers", Brent Schlender, Fortune's editor-at-large details how the Mac is Apple's hottest product line. Schlender refers to data from IDC and NPD in his article. I'd like to highlight the following:
On Wednesday July 25, 2007, Apple Inc. released financial results for its fiscal 2007 third quarter (Q3 2007). Apple sold a total of 1.764 million Macs during the quarter representing 42 percent growth in Mac sales versus the year ago quarter (Q3 2006).
Apple will report Q3 2007 earnings following the close of the US stock market on July 25, 2007. A earnings call will also be conducted at 2pm PDT/5pm EDT.
On Wednesday April 25, 2007, Apple Inc released financial results for its fiscal 2007 second quarter (Q2). Portables accounted 891,000 of the 1.517 million Macs shipped during the quarter representing 58.7 percent of the total units.
On Wednesday April 25, 2007, Apple Inc released financial results for its fiscal 2007 second quarter (Q2). Apple sold a total of 1.517 million Macs during the quarter representing 36 percent growth in Macs versus the year ago quarter.
Barrons Online reports that according to NPD data and a report from Pacific Crest analyst Andy Hargreaves that Apple Mac revenues grew 5x faster than PCs over the past year. The article states:
On Wednesday January 17, 2007, Apple Inc released financial results for its fiscal 2007 first quarter (Q1).
Apple Inc will report first quarter 2007 fiscal earnings (Q1 2007) today Wednesday January 17, 2006 following the close of the US Stock Market. The quarter ran from October 2006 to the end of December 2006, a period which included the 2006 Holiday buying season. The focus of this post is on the total number of Macs shipped during the quarter.
The Times Online reports that Apple's European businees raked in sales of $4.1 billion (£2.2 billion) in the past 12 months (ending in September 2006). What's strkining is that those sales exceeded the combined sales total for 2002, 2003 and 2004.
In my October 10, 2006 preview I predicted that Apple would ship 1.64 million Macintosh computers during the 2006 fiscal fourth quarter. My analysis and projection was based on analyzing data from Apple's Q1, Q2, and Q3 data for 2006, Macintosh releases during the year, and events that transpired during the fourth quarter.
On Wednesday October 18, 2006, Apple Computer released financial results for its fiscal 2006 fourth quarter (Q4) and its Fiscal Year 2006 earnings. Apple posted revenue of $4.84 billion US and quarterly profit of $546 million equating to $0.62 on a per share basis. Gross margin checked in at 29.2 percent an increase from the 28.1 percent in the year-ago quarter.
Apple Computer will report the earning on Wednesday October 18, 2006 following the close of the US Stock Market. The company will provide guidance for 2007 fiscal first quarter (Q1 2007) that runs from October 2006 to the end of December 2006.
On Wednesday, October 18, 2006 at 2pm PT / 5pm ET, Apple Computer will announce its Q4 (fourth quarter) 2006 and Fiscal Year 2006 earnings. The company will also conduct a Conference Call with analysts. This post is a preview into the earning report as prior quarter reports and events of 2006 are analyzed. The focus of this post is Mac unit sales.
On Wednesday July 19, 2006, Apple released financial results for its fiscal 2006 third quarter which ended July 1, 2006. Apple posted revenue of $4.37 billion US and quarterly profit of $472 million equating to $0.54 on a per share basis. Gross margin checked in at 30.3 percent an increase from the 29.7 percent in the year-ago quarter. The quarter ranked second best in the company's history, the second quarter in a row with that performance.
On Wednesday April 19, 2006, Apple released financial results for its fiscal 2006 second quarter. The quarter ranked second best in the company's history with a 41% rise in profits and a 34% rise in sales when compared to the same quarter last year. Apple posted revenue of $4.36 billion US and quarterly profit of $410 million equating to $.47 on a per share basis.
Apple Computer Inc. reported a 95 percent rise in its December quarter profit compared to the same quarter last year. Surging sales of its iPod music players played a key role in Apple registering more than $1 billion in sales through its company owned retail stores. Apple sold 14 million iPods in the quarter, a 207 percent increase year-over-year. iPod sales accounted for $1.74B in revenue, up 46 percent from the same quarter last year.
Apple's earnings are due out today at 2pm PST. Wall Street analysts are looking for earnings ranging from 59 cents to 69 cents per share on revenue of $5.7 billion for the December quarter. Estimate have moved up following Steve Jobs' keynote speech at last week's Macworld Expo. The EPS estimates ranges from $1.95 to $2.53. Fiscal year 2006 estimates range from $19.4 billion to $22.3 billion, an increase of $2 billion to $3 billion over 2005.
Apple Computer Inc. Chief Executive Steve Jobs stated at Macworld 2006 that sales for Apple's December quarter exceeded expectations on strong demand for the company's iPod music players. Revenue for the quater came in at $5.7 billion, well above the $5.04 billion average estimate of analysts. In addition, the company's retail stores posted revenue of more than $1 billion for the first time in their history. Shares soared to a record high following the announcement.