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Published on MacScoop (http://www.macscoop.com)

Apple's Q4 profit up 66% (UPDATE)

By Alexandros Roussos
Created 2007-10-22 20:38

Apple Inc. released its Q4 (Q3 Calendar) financial results after the markets close on Monday. The company has posted profit and revenue of, respectively, 904 million and $6.22 billion.

In the same quater, last year, Apple posted $4.84 billion of revenue and profit of $0.64 per share. For the fiscal 2007 year, Apple posted revenue of $24 billion and profit of $3.5 billion.

As many as 2.164 million Macs were sold this quarter, along with 10.2 million iPods and 1.119 million iPhones.

Margin for the quarter was 33.6%, up from 29.2% in the year ago quarter.

The results beat all estimates made by analysts who were betting on revenue of about $6 billion and profits of nearly $0.85 a share.

Apple's shares climbed before the closing bell to $174,36, up 2.31% from $170.42. They are now trading even higher during the after-hours trading session.

Guidance for next quarter is $9.2 billion of revenue on profit of $1.42 per share.

The company will hold a webcasted conference so as to provide details on its quarterly results and answer to questions.

UPDATE - Financial Conf Call:
- Apple working with Salesforce.com (CRM tools) on iPhone integration
- Direct sales 57% of Apple's total sales
- Distribution locations increased to 40 000 for the iPod and 8700 for Macs
- Apple estimatzs 250 000 iPhones were sold to unlockers
- Guidance: $1.42 earnings on 9.2 billion revenue, thx to typically good quarter for iPod sales



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http://www.macscoop.com/articles/2007/10/22/apple-q4-profit-66