Apple earnings
Posted by
ty97
Oct 21 '08, 14:09
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4:43 Apple�s press release with its Q4 earnings results has hit the wires. The headlines:
* Revenue: $ 7.9 billion, up from $6.22 billion in Q4 2007
* Profit: $ 1.14 billion, up from $904 million
* EPS: $1.26 per diluted share, up from $1.01 in 2007
* Gross margin: 34.7%, up (!) from 33.6%
* International sales: 41% of revenue, up from 40% in 2007, down from 42% in Q3
* Adjusted sales (including deferred rev. from iPhone and Apple TV: $11.68 billion
* Adjusted net income: $2.44 billion
* Macs shipped: 2.166 million (21% unit growth, 17% rev. growth from same quarter 2007)
* iPods sold: 11.052 million
* iPhones sold in quarter: 6.892 million, up from 1.119 in Q4 2007
That revenue number is below the Street�s consensus � and way below the whisper numbers � but the gross margin is better than anyone thought it would be. Given Oppenheimer�s warning that it would take a big cut this quarter, he�s got some explaining to do.
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