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Damn I knew I should have bought the Apple stock!

Posted by admin under Uncategorized

Apple announced numbers today. The after hours market seemed to like the numbers. After Hours: 150.18 +13.06 (9.52%)

CUPERTINO, California—July 25, 2007—Apple® today announced financial results for its fiscal 2007 third quarter ended June 30, 2007. The Company posted revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million, or $.54 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.

Apple shipped 1,764,000 Macintosh® computers, representing 33 percent growth over the year-ago quarter and exceeding the previous company record for quarterly Mac® shipments by over 150,000. The Company also sold 9,815,000 iPods during the quarter, representing 21 percent growth over the year-ago quarter.

Net income up 73%

Apple’s growth rate more than 2 1/2 times the predicted growth rate for the quarter. Mac notebooks up 42%. 9.8 million iPods, 31% growth over the quarter.

71.5% share of MP3 players are iPods. iTunes surpassed Amazon and Target in music sales.

270,000 iPhones sold

$915M sales at Apple stores, 33% year to year growth, avg. revenue per store $5.1M. 50% of customers were new to the Mac, 21.9 million people in stores total.

$13.8B in cash

$5.7B revenue target for the upcoming quarter-

Best Buy rollout? We were around 50 stores at beginning of quarter, 75 by end, almost 300 by end of 2007

Million iPhones by Sept (took iPod two years to do that), and 10M by the end of 2008

info from TUAW and Apple
Listen to the call here