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Apple Announces $1.07 Billion in Profit for Q3 2008 - Neowin Forums
Apple Announces $1.07 Billion in Profit for Q3 2008
Quote: - Apple announced their 3rd Quarter 2008 Financial Results today.
Apple posted revenue of $7.46 billion and net quarterly profit of $1.07 billion (or $1.19 per diluted share).
This compares favorably to revenue of $5.41 billion and net quarterly profit of $818 million (or $.92 per diluted share) in the year-ago quarter.
Apple shipped 2,496,000 Macintosh computers and 11,011,000 iPods this quarter.
"We're proud to report the best June quarter for both revenue and earnings in Apple's history," said Steve Jobs, Apple's CEO.
"We set a new record for Mac sales, we think we have a real winner with our new iPhone 3G, and we're busy finishing several more wonderful new products to launch in the coming months."
Looking to the fourth fiscal quarter 2008, Apple expects to earn a revenue of $7.8 billion and earnings per diluted share of about $1.00.
The Mac sales numbers represent 41% unit growth over last year's quarter and the iPod sales represent 12% unit growth over last year's numbers.
As we previously reported, Apple's results do not include iPhone sales, which were deferred until the 4th quarter.
Apple's financial results webcast will begin at 5pm ET / 2pm PT.
MacRumors will provide running highlights of the webcast.
Steve Jobs hints at "several more wonderful new products to launch in the coming months" in Apple's press release.
Conference Call Highlights
- Very pleased to report highest June quarter earnings and revenue.
- 38% growth in revenue over previous year-ago quarter
- Highest quarterly Mac shipments ever
- Continues to see healthy growth in all regions, sales in retail stores very strong
- Mac: 2.5 million Macs shipped.
Most in any quarter in Apple's history.
- Apple's share of total personal computers up to 19.5% in June
- Best Mac quarter ever in U.S.
Education
- Sold 11 million iPods.
Up 12% from year ago.
- Great start with iPhone 3G.
22 Countries. 1 millionth iPhone 3G just 3 days after its launch.
- Customer reaction to iPhone 3G overwhelmingly positive.
- App Store: offers more than 900 applications, with 20% free.
90% less than $10.
- Customers loving the App Store.
Over 25 million Apps downloaded so far.
- Retail Stores.
476,000 Macs sold.
1/2 were sold to customers new to Mac.
- 216 Stores Worldwide by end of Quarter.
Extending international stores.
Switzerland and Germany coming.
- Looking forward to 4th Quarter: Great start with iPhone 3G.
Expect to sell more iPhones in Q4 than any previous quarter.
Due to subscription recording, much of the revenue will be deferred to future quarters.
"Future product transition".
Can't discuss today.
- More great new products later this year.
Question and Answer Highlights
- International sales growing well.
Beijing store doing well already.
- Added 170 Best Buy stores.
Total of 570. 600 by end of summer.
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Quote: - (integrity @ Jul 21 2008, 18:02) I was just watching their stock plummet to what was it, $15?
That's quite staggering..
What are you talking about?
It closed up over $1.5 at $166.49 a share.
http://finance.google.com/finance?q=Apple
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Quote: - (Hurmoth @ Jul 21 2008, 18:05) What are you talking about?
It closed up over $1.5 at $166.49 a share.
http://finance.google.com/finance?q=Apple
after hours, hurmoth...i bought some before it closed thinking it'll go up.
It stung. oh well.
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Well that isn't anything out of the norm.
People buy right before the earnings report then sell immediately after.
That's normal. Short investors do this a lot.
I've seen it happen with a lot of tech companies I own stock in.
That's why I hate short term investing.
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I hear ya... i trade options on the side and try to go both ways...you hit some, you miss some.
This year remains a bit of a pain for investors all over...i think things will improve next year onwards.
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Good thing I didn't add to my position before the bell closed.
I was stupid to buy shares in January at $195 and 4 days later see it fall to $140 after earnings.
The good thing is that Apple, for 7 straight quarters, have given weak guidance and they always beat the numbers.
I will wait a few days after the market gets hammered again and I will average down on my Apple shares and sell it around December.
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That's odd. I'm seeing this everywhere this morning:
Quote: - Apple Inc.
Said Monday its current-quarter earnings would be well below Wall Street targets, sending shares in the maker of Macintosh computers and iPod music players down nearly 9%.
While Apple (AAPL/Nasdaq) has a reputation for giving conservative financial forecasts, its view for the fiscal fourth quarter undercut analyst expectations to a deeper degree than in past quarters, prompting investors to seek more details.
Source
Quote: - Investors looking for direction from earnings reports began selling after companies including American Express Co., Apple Inc., and Texas Instruments Inc.
Fell short of expectations.
Source
Where did the rosy story come from?
Apple?
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If they'd ever release a black mac book pro then I might buy one, I dont like silver or white (personal opinnion, yes functionality over form, but i dont like the colors)
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