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Apple Q4 2007 results: Mac sales record, 1M iPhones sold (updated)

Apple, Inc. (NASDAQ: AAPL) last night announced blockbuster financial results for the fiscal fourth quarter of 2007 ending 29 September 2007.

Apple Q4 2007 results: Mac sales record, 1M iPhones sold

Apple, Inc. (NASDAQ: AAPL) last night announced blockbuster financial results for the fiscal fourth quarter of 2007 ending 29 September 2007.

Apple posted revenue of US$6.22 billion and net quarterly profit of US$904 million, or US$1.01 per diluted share. These results compare to revenue of US$4.84 billion and net quarterly profit of US$542 million, or US$.62 per diluted share, in the year-ago quarter.

Highlights:

  • Gross margin was 33.6 percent, up from 29.2 percent in the year-ago quarter.
  • International sales accounted for 40 percent of the quarter’s revenue.
  • 2,164,000 Macs were shipped, representing 34 percent growth over the year-ago quarter
  • They exceeded the previous quarterly record for Mac shipments by 400,000.
  • They sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter.
  • Apple generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007
  • Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.
  • Apple ended the fiscal year with $15.4 billion in cash and no debt
  • “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,” said Peter Oppenheimer, Apple’s CFO.

If you missed it you can listen to a replay of the audio webcast of the Apple Q4 2007 financial results conference call.

Update: AAPL shares closed Monday at US$174.36 per share and are up US$12.84 (+7.36%) to US$187.20 per share in pre-market activity.