Apple today exceeded estimates for its fourth qurter performance, posting revenue of $6.22 billion and net quarterly profit of $1.01 per diluted share.
Apple shipped 2,164,000 Macs, representing 34 per cent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000.
The company also sold 10,200,000 iPods during the quarter, representing 17 per cent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.
Prior to the announcement, consensus sales estimates from Thomson FirstCall called for 2 million Macs, 10.9 million iPods and 928,000 iPhone sales in the quarter, for revenue of $6.05 billion.
Apple's Q4 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.
Margins climbed. Apple's gross margin was 33.6 per cent, up from 29.2 per cent in the year-ago quarter. International sales accounted for 40 per cent of the quarter’s revenue.
“We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007,” said Apple CEO Steve Jobs.
“We’re looking forward to a strong December quarter as we enter the holiday season with Apple’s best products ever.”
“Apple ended the fiscal year with $15.4 billion in cash and no debt,” said Peter Oppenheimer, Apple’s chief financial officer. “Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”
Apple is offering live streaming of its Q4 2007 financial results conference call.