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tomierna's Avatar Picture tomierna (Admin) – December 08, 2007 02:37AM Reply Quote
Talk about industry stock market mumbo-jumbo here.

Cloudscout – April 23, 2008 03:33PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
Apple Reports Record Second Quarter Results
Revenue Up 43 Percent Year-Over-Year

CUPERTINO, California—April 23, 2008—Apple® today announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue.

Apple shipped 2,289,000 Macintosh® computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 1,703,000.

“We’re delighted to report 43 percent revenue growth and the strongest March quarter revenue and earnings in Apple’s history,” said Steve Jobs, Apple’s CEO. “With over $17 billion in revenue for the first half of our fiscal year, we have strong momentum to launch some terrific new products in the coming quarters.”

“We’re thrilled to have generated $4 billion in cash flow from operations in the first half of fiscal 2008, yielding an ending cash balance of $19.4 billion,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2008, we expect revenue of about $7.2 billion and earnings per diluted share of about $1.00.”

Apple will provide live streaming of its Q2 2008 financial results conference call utilizing QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, April 23, 2008 at www.apple.com/quicktime/qtv/earningsq208/ and will also be available for replay.

This press release contains forward-looking statements about the Company’s estimated revenue and earnings per share. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include potential litigation from the matters investigated by the special committee of the board of directors and the restatement of the Company’s consolidated financial statements; unfavorable results of other legal proceedings; the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; war, terrorism, public health issues, and other circumstances that could disrupt supply, delivery, or demand of products; continued competitive pressures in the marketplace; the Company’s reliance on sole service providers for iPhone in certain countries; the continued availability on acceptable terms of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis; the effect that product transitions, changes in product pricing or mix, and/or increases in component costs could have on the Company’s gross margin; the effect that product quality problems could have on the Company’s sales and operating profits; the inventory risk associated with the Company’s need to order or commit to order product components in advance of customer orders; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s dependency on the performance of distributors and other resellers of the Company’s products; the Company’s reliance on the availability of third-party digital content; and the potential impact of a finding that the Company has infringed on the intellectual property rights of others. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 29, 2007, its Form 10-Q for the quarter ended December 29, 2007, and its Form 10-Q for the quarter ended March 29, 2008 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.

Cloudscout – April 23, 2008 03:40PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
Key numbers from the release:

Revenue: $7.51 billion (last year: $5.26 billion)
Net Quarterly Profit: $1.05 billion (last year: $770 million)
Net Quarterly Profit Per Diluted Share: $1.16 (last year: $0.87)
Gross Margin: 32.9% (last year: 35.1%)

Macs shipped: 2,289,000 (last year: 1,517,000)
iPods sold: 10,644,000 (last year: 10,549,000)
iPhones sold: 1,703,000



Edited 1 time(s). Last edit at 04/23/2008 03:40PM by Cloudscout.

Cloudscout – April 23, 2008 03:45PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
Also, their guidance for Q3 is a bit split. Last quarter, part of the stock drop was attributed to the fact that their Q2 guidance (which ended up being far too low anyway) was below analysts' expectations. This time around, analysts were expecting guidance of about $7.15 billion in revenue and $1.10 per share profit. Instead, Apple is saying $7.2 billion in revenue and $1.00 per share profit.

So far, the stock is holding steady after hours. I guess that's better than having it drop 11% again.

Cloudscout – April 23, 2008 03:47PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
Duh. I was looking at delayed quotes. Of course it wasn't going to start moving until after the numbers were released. It's up 5% so far.

ARL (Moderator) – April 23, 2008 10:13PM Reply Quote
I whinge therefore I am!
Boy, that's a lot of Macs. There was a time when Apple was happy to sell a milion in a year, let alone double that in a quarter...

Cloudscout – April 23, 2008 10:24PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
They're going to sell over 10 million this year.

tliet – April 25, 2008 12:33AM Reply Quote
It's pretty interesting to note that while Apple is not a one product company in any longer, it's fortunes were mostly dependant on the iPod a short 3 years ago. These day's it's in the later stages of being a cashcow with the Mac completely on fire.

The Steve has now proven once and for all that he can be a real business man.

http://bits.blogs.nytimes.com/2008/04/23/how-apple-is-preparing-for-an-ipod-slump/

Mokers (Moderator) – April 25, 2008 10:49AM Reply Quote
Formerly Remy Martin
Quote
tliet
It's pretty interesting to note that while Apple is not a one product company in any longer, it's fortunes were mostly dependant on the iPod a short 3 years ago. These day's it's in the later stages of being a cashcow with the Mac completely on fire.

The Steve has now proven once and for all that he can be a real business man.

http://bits.blogs.nytimes.com/2008/04/23/how-apple-is-preparing-for-an-ipod-slump/

I know. We can talk all we want about Apple having holes in its product lineup, but as long as they continue to sell Macs at the current rate, I can see why they aren't worried. It's funny they are selling so many computers after they removed computer from the company name.

ARL (Moderator) – April 26, 2008 12:11AM Reply Quote
I whinge therefore I am!
>It's funny they are selling so many computers after they removed computer from the company name.

Good observation, Mokers.

El Jeffe – April 26, 2008 06:44AM Reply Quote
What a journey.
once they remove apple from the name, they'll go like hotcakes

El Jeffe – April 26, 2008 06:46AM Reply Quote
What a journey.
Here's my fancy phone. About as basic as it gets.

tliet – April 26, 2008 06:47AM Reply Quote
Believe it or not, they are slowly becoming salonfähig in IT shops too. All the bosses want to be seen with a MacBook Air these days and the nerds are drooling over de quadcore MacPros while hacking away on their MacBooks.

Cloudscout – May 01, 2008 03:52PM Reply Quote
Det finnes ikke dårlig vær, bare dårlige klær!
Closed at 180 even today. That was also the high price for the day.

It's their best price since January 4th, too. Still a little ways to go before fully recovering.

rino – May 01, 2008 07:10PM Reply Quote
In America, the only respectable form of socialism is socialism for the rich.
My little set of equities is back very near its 52 week high (and all time) ... I'm sure it'll swing but feels good.

johnny k – May 01, 2008 07:12PM Reply Quote
Ditto.

tliet – May 02, 2008 01:14AM Reply Quote
Sell it all and put it on savings account in another currency.

El Jeffe – May 02, 2008 07:28AM Reply Quote
What a journey.
I'd like to do that. Not sure of the tax implications.

peter – May 02, 2008 04:06PM Reply Quote
Cringely says Apple will buy Adobe. Most people who have commented on his piece think he's cracked. Me: it would be a good move and stunning. Adobe is somewhat of a mixed bag, OK, but they have lots of very solid assets. InDesign, Premiere and Photoshop being Mac first would be worth something to hardware sales, I think. Controlling Flash would be a big thing in the coming competition with Nokia et al. And Adobe is building quite an impressive suite of Web apps.. (Shhh. Don't tell Google.) AIR sounds good to me too, though I don't know squat about it. Apple's never done a deal like this, but maybe now is the time.

rino – May 02, 2008 06:16PM Reply Quote
In America, the only respectable form of socialism is socialism for the rich.
I'd rather they buy Amazon ... at least their internet strategy makes more sense and that's where AAPL is weak IMO. I mean .Mac has some neat features but that's about it, neat.

Dr Phred (Moderator) – May 02, 2008 10:07PM Reply Quote
owned by the mothership.
If Apple was going to buy another software company, I'd like them to buy valve. Steam would be a cool thing to build into the next version of Apple TV.

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