Apple Reports June Quarter 2007 Results
Apple has reported financial results for the June 2007 quarter. According to the press release (25 July 2007), Apple:
posted revenue of $5.41 billion and net quarterly profit of $818 million … . These results compare to revenue of $4.37 billion and net quarterly profit of $472 million … in the year-ago quarter.
shipped 1,764,000 Macintosh® computers, representing 33 percent growth over the year-ago quarter.
sold 9,815,000 iPods during the quarter, representing 21 percent growth over the year-ago quarter.
From the conference call:
- Mac unit shipments grew at 32 percent in the United States, over 4 times IDC’s latest published growth estimate for the US market in the June quarter.
- NPD reported that Apple surpassed Amazon and Target to become the 3rd largest overall music retailer in the US.
- The iPhone was on sale for the last 30 hours of the quarter. During the quarter Apple sold 270,000 iPhones, and 146,000 iPhones were activated.
- It took Apple 7 quarters to sell 1 million iPods. Apple hopes to sell 1 million iPhones by the end of September 2008.
- Apple hopes to be selling the iPhone in Europe during the December quarter of 2007. Apple will announce plans with European carrier partners later in the September quarter.
- CFO Peter Oppenheimer reiterated Apple’s goal of selling 10 million iPhones in calendar 2008.
- COO Tim Cook stated that AT&T said that more iPhones were sold in the first weekend than they had sold in the first month for any other wireless devise in their entire history.
Listen to the conference call (QuickTime webcast or Earnings Podcast at Apple Investor Relations).
© Danny Haynes
