Apple's 4Q 2007 Results, Conference Call: $6.22 Billion Revenue, $902 Million Pr

Apple has announced their financial results for their 4th quarter 2007 (July - September 2007). Apple 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.

Apple shipped 2,164,000 Macintosh(R) computers, representing 34 percent growth over the year-ago quarter and exceeding the previous quarterly record for Mac shipments by 400,000. Apple sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

"We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007," said Steve Jobs, Apple's CEO. "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 CFO. "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 will be broadcasting their FY 07 Fourth Quarter Results Conference Call live via Quicktime beginning at 2:00pm PDT, 5:00pm EDT. We will provide highlights and a summary of the call here.

Q&A Highlights:

Reiterates that the iPhone is a multiyear exclusive agreement with AT&T
Direct sales 57% of total company revenue. Up from 53% in year-ago quarter.
Europe sales did not have typical lull in August.
Holiday quarter is usually a big quarter for iPods.
Sales of iPhones accelerated after price drop.
Confident in shipping 10 million iPhones in Calendar 2008
Still on target to get iPhone in Asia in Calendar 2008
Japan continues to be the most challenging major market. iMac was well received.
Over 40,000 iPod Distribution locations, 8700 Mac Distribution locations
Apple rep guesses that 250,000 iPhones sold to unlockers
Apple Working with Salesforce.com
No updates on Enterprise testing of iPhone.
Vast majority of Macs in the last 4 years able to run Leopard. ~21 million Macs.
15 million were eligible to run Tiger when it launched
Over 50% of Macs sold in Retail stores were sold to individuals who had never owned a Mac before
Most successful back to school season they have ever had.

Raw Data: Apple Press Release
Reference Data: 4Q 2006 Financial Results
Transcript: Seeking Alpha transcript of Conference call.

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