Apple has announced record results for its first quarter 2007, which ended 30 December 2006.
Revenue reached $7.1 billion and net quarterly profit hit $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and net quarterly profit of $565 million, or $.65 per diluted share, in the year-ago quarter.
Gross margins climbed to 31.2 per cent, up from 27.2 per cent in the year-ago quarter. International sales accounted for 42 per cent of the quarter’s revenue.
Apple shipped 1,606,000 Macs and an analyst-estimate-beating 21,066,000 iPods during the quarter, representing 28 per cent growth in Macs and 50 per cent growth in iPods when compared to last year’s equivalent (and record-breaking) quarter.
“We are incredibly pleased to report record quarterly revenue of over $7 billion and record earnings of $1 billion,” said Apple CEO Steve Jobs. “We’ve just kicked off what is going to be a very strong new product year for Apple by launching Apple TV and the revolutionary iPhone.”
Cash reserves grew, too. “We generated over $1.75 billion in cash during the quarter to end with $11.9 billion,” said Peter Oppenheimer, Apple’s chief financial officer (CFO).
Oppenheimer offered a conservative target for Apple’s second quarter (the current quarter).
“We expect revenue of $4.8 to $4.9 billion and earnings per diluted share of $.54 to $.56,” he explained.
The financial results conference call is available now for playback in QuickTime format.
Bungie shouldâve never made an MMO style pve game because itâs too ambitious to make and will never make content fast enough for people who practically play these games as a lifestyle. They shouldâve made a direct halo competitor i1tead with a campaign that can be beat in 10 or so hou1 with multiple difficulty settings, along with a huge focus on competitive mulitiplayer.