Apple profits rise 15% on sales of 2.6M Macs, 5.2M iPhones

[AppleInsider]

Apple said Tuesday that third-quarter profits rose nearly 15 percent to $1.23 billion, or $1.35 per diluted share, on record non-holiday quarter sales of $8.34 billion for the three-month period ended June 27, 2009.

These results compare to revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share, in the year-ago quarter. Gross margin was 36.3 percent, up from 34.8 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter's revenue.

Apple sold 2.6 million Macs during the quarter, representing a four percent unit increase over the year-ago quarter and the best ever June quarter in its history for personal computer sales. The company also sold 10.2 million iPods during the quarter, representing a seven percent unit decline from the year-ago quarter. Quarterly iPhones sold were 5.2 million, representing 626 percent unit growth over the year-ago quarter.

"We're making our most innovative products ever and our customers are responding," said Steve Jobs, Apple's CEO. "We're thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year."

In accordance with the subscription accounting treatment required by GAAP, Apple recognizes revenue and cost of goods sold for iPhone and Apple TV over their estimated economic lives. Adjusting GAAP sales and product costs to eliminate the impact of subscription accounting, the corresponding non-GAAP measures for the quarter were $9.74 billion of "Adjusted Sales" and $1.94 billion of "Adjusted Net Income."

"We're extremely pleased to report record non-holiday quarter revenue and earnings and quarterly cash flow from operations of $2.3 billion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth fiscal quarter of 2009, we expect revenue in the range of about $8.7 billion to $8.9 billion and we expect diluted earnings per share in the range of about $1.18 to $1.23."

Apple will provide live streaming of its Q3 2009 financial results conference call utilizing QuickTime. The live webcast will begin at 2:00 p.m. PST today. AppleInsider will provide full coverage.

[ View this article at AppleInsider.com ]

[melgross]

AARG!

I was on Apple's site and wanted to be the one to report this, but couldn't get back in to AI.

[Ireland]

Originally Posted by melgross

AARG!

I was on Apple's site and wanted to be the one to report this, but couldn't get back in to AI.

You'll get over it.

[Hugh Jarse]

Wow, I mean, wow.

Nice numbers, especially the number of Macs and iPhones - blows the analysts out of the water (as pretty much every quarter).

Nice work

[melgross]

Originally Posted by Ireland

You'll get over it.

Never!

[Wiggin]

Maybe Steve should take leaves of absence more often.

[Booga]

Something weird is happening. Apple stock is going up after Apple announced a good quarter. That isn't right.

[dreyfus2]

Something must be wrong... 4% more Macs? You mean, this guy was wrong?

[Hattig]

Flippin' incredible.

Anyone care to whip up a table comparing analyst expectations with actual results, just to see how far off they were?

And Apple - looksie what happens when you make your products that little bit cheaper.

[Zandros]

Apple says 02pm PDT, not PST.

Edit: Which should be now, right?

[Quadra 610]

Chairs are flying somewhere in Seattle.

MS seriously needs to can the FUD campaign against Apple. It isn't working. And looks like it isn't going to.

And wasn't Apple's previous quarter their best non-holiday quarter? So it seems they set a new record.

[NasserAE]

I thought Apple was doomed!!

[brucep]

Originally Posted by melgross

Never!

Mel you'll always be our number one . i will look here for YOUR take on the APPLE report .
THE MEL REPORT WE WILL CALL IT .


Some soothing santana should help with a goblet of ruffino red wine and some frozen grapes.

[brucep]

Originally Posted by Quadra 610

Chairs are flying somewhere in Seattle.

MS seriously needs to can the FUD campaign against Apple. It isn't working. And looks like it isn't going to.

And wasn't Apple's previous quarter their best non-holiday quarter? So it seems they set a new record.

The whole world is scrambling to move any goods at all . except apple . Stuff was flying off the shelves . The MBP's & MB WHITE sold like never before .

APPLE keeps marching on !!!!


A zune accessory company also had some nice sales .

[Dr Millmoss]

Originally Posted by Booga

Something weird is happening. Apple stock is going up after Apple announced a good quarter. That isn't right.

Actually I am surprised. These numbers weren't that great. Barely beat consensus EPS.

Oh, take it back -- they reported $1.35. That is great!

[Tofino]

Originally Posted by brucep

snip

A zune accessory company also had some nice sales .

what's a zune?

(sorry guys. i'll work on my self control issues...)

[Bageljoey]

Wow.
(It seems rediculous to bother posting just to say this one word, but, well, it sums up my thoughts quite completely.)

[Quadra 610]

Originally Posted by Tofino

what's a zune?

(sorry guys. i'll work on my self control issues...)

You mean THIS thing? At least we know what it's good for . . .

[Dr Millmoss]

Originally Posted by Quadra 610

You mean THIS thing? At least we know what it's good for . . .

At least he looks happy about it. Probably the only one.

[Quadra 610]

Originally Posted by Dr Millmoss

At least he looks happy about it. Probably the only one.

Hehe, I'm with you there. Not a bad PS job. Not mine, though.

Depends whether one would rather see his tongue or the Zune. Seems like two sides of the same coin, really.

[sflocal]

Cue the Apple pessimists... they'll be here in a moment...

"But Apple could have made MORE if they just..." <insert know-it-all-remark-here>

[Dr Millmoss]

Originally Posted by Quadra 610

Hehe, I'm with you there. Not a bad PS job. Not mine, though.

Depends whether one would rather see his tongue or the Zune. Seems like two sides of the same coin, really.

You mean the Zune is furry? Yuk.

Got to say it again in this thread -- Andy Zaky, you da man!

[melgross]

Originally Posted by brucep

Mel you'll always be our number one . i will look here for YOUR take on the APPLE report .
THE MEL REPORT WE WILL CALL IT .


Some soothing santana should help with a goblet of ruffino red wine and some frozen grapes.

Gosh!

[brucep]

Originally Posted by Tofino

what's a zune?

(sorry guys. i'll work on my self control issues...)

What is a zune . ummagumma
A zune is inserted into an official branded trademarked patented zune accessory.

[mdriftmeyer]

Macs are too expensive. Their share is going down. Come on! All together now.

[brucep]

Originally Posted by melgross

Gosh!

So
off ya butt and give us your take on apple report card !!!!
i mean the real inside story !! !like will the MB plastic survive and will the ipod classic return to 160 g. And did the ipodtouch rob its younger bros of sales ???

[brucep]

Originally Posted by mdriftmeyer

Macs are too expensive. Their share is going down. Come on! All together now.

sung to the tune of>>> we all live in a yellow submarine >>

[piot]

Originally Posted by Hattig

Anyone care to whip up a table comparing analyst expectations with actual results, just to see how far off they were?

http://brainstormtech.blogs.fortune....ples-earnings/

[melgross]

Originally Posted by brucep

So
off ya butt and give us your take on apple report card !!!!
i mean the real inside story !! !like will the MB plastic survive and will the ipod classic return to 160 g. And did the ipodtouch rob its younger bros of sales ???

Ah Bruce, I can't help but love ya.

Even though no one else will care;

Just finished listening to the call. Very interesting stuff there amid the "we can't tell you...'

18 of the last 19 quarters they beat the markets. Pretty good.

I predict that a plastic Macbook will survive at least until sometime in next year.

I doubt the Classic will move back to 160 GB. I don't think they're selling very well now.

According to Apple, while "traditional" mp3 player sales will continue to retreat, the sales of the iPhone/Touch are what's depleting their sales, which is good. iTouch sales are up 100% from last year, and are expected to continue to grow strongly.

If the rumors that Apple is already producing iPod Touches with cameras and microphones are true, sales should rocket, and, MY take, possibly slow the growth of iPhones.

[Quadra 610]

Originally Posted by mdriftmeyer

Macs are too expensive. Their share is going down. Come on! All together now.

Hehe . . .

They should just shut it down and give the money ba . . . oh wait.

[Quadra 610]

Originally Posted by melgross

Ah Bruce, I can't help but love ya.

Even though no one else will care;

Just finished listening to the call. Very interesting stuff there amid the "we can't tell you...'

18 of the last 19 quarters they beat the markets. Pretty good.

I predict that a plastic Macbook will survive at least until sometime in next year.

I doubt the Classic will move back to 160 GB. I don't think they're selling very well now.

According to Apple, while "traditional" mp3 player sales will continue to retreat, the sales of the iPhone/Touch are what's depleting their sales, which is good. iTouch sales are up 100% from last year, and are expected to continue to grow strongly.

If the rumors that Apple is already producing iPod Touches with cameras and microphones are true, sales should rocket, and, MY take, possibly slow the growth of iPhones.

18 of the last 19 quarters? Talk about looking at the big picture. Even more impressive.

[brucep]

Originally Posted by melgross

Ah Bruce, I can't help but love ya.

Even though no one else will care;

Just finished listening to the call. Very interesting stuff there amid the "we can't tell you...'

18 of the last 19 quarters they beat the markets. Pretty good.

I predict that a plastic Macbook will survive at least until sometime in next year.

I doubt the Classic will move back to 160 GB. I don't think they're selling very well now.

According to Apple, while "traditional" mp3 player sales will continue to retreat, the sales of the iPhone/Touch are what's depleting their sales, which is good. iTouch sales are up 100% from last year, and are expected to continue to grow strongly.

If the rumors that Apple is already producing iPod Touches with cameras and microphones are true, sales should rocket, and, MY take, possibly slow the growth of iPhones.

Hey mel i meant a full NYT 8 page report
But this was fine
Thank you
So the ipod touch is easing out the ipod family or will they all get a refresh of camera's and wifi's and gps s and all that groovy iphoneeus stuff ??

I means to says thats the tops cats are alls ins agreements that the 120 classic should have at least a full screen for movie playback and whatever else deemed fit Keep the front the same. Just add a screen on the back

peace

9

[mdriftmeyer]

Originally Posted by brucep

sung to the tune of>>> we all live in a yellow submarine >>

[mdriftmeyer]

Originally Posted by Quadra 610

Hehe . . .

They should just shut it down and give the money ba . . . oh wait.

I remember the day Michael said that comment. We all laughed our asses off in Cupertino and 900 Chesapeake Drive, Redwood City CA.

I just google map'd the old office and they filled in the grass where we actually played volleyball during breaks for nothing but a slab and a middle display which is absolutely worthless.

Typical military contractor:

http://www.governmentcontractswon.co...6464.asp?yr=07

http://maps.google.com/maps?q=Chesap...image&resnum=1

[MJ Web]

Has she changed her "Sell AAPL @ $80" recommendation yet?

[dreamraj]

AAPL closed at $158.40 after-hours, almost $7 up. Should shine tomorrow with a lot of upgrades.

[JeffDM]

Originally Posted by melgross

Ah Bruce, I can't help but love ya.

Even though no one else will care;

Just finished listening to the call. Very interesting stuff there amid the "we can't tell you...'

Don't they always say that? It's like a standard tease for them. They're always working on something fantastic and special, be it a generational design update or just a speed bump.

[Kibitzer]

Originally Posted by dreamraj

AAPL closed at $158.40 after-hours, almost $7 up. Should shine tomorrow with a lot of upgrades.

Or it'll slip because the doomsayers will be sobbing, "This can't last - Mac sales are sure to fetch up on the rocks in the fourth quarter, iPods are doomed, Apple hasn't introduced anything new in at least 32 days - blah, blah, blah ..."

Regardless of how good the results, remember that a lot of traders still worship the adage - "Buy on the expectations - sell on the news."

[OC4Theo]

Decline in iPod is due to people shifting to iPhone and iPod Touch. This decline will continue for many quarters to come.

Macbooks and Macbook Pros are the key to Mac growth. And that increase will also continue upwards. And if Apple will introduce a lower-priced Mac Pro, mac sales will be even better.

iPhone is the key to Apple growth. Most new mac converts are switching because of their experience with iPhone. This dynamics can only be upwards.

And the best is yet to come! Buy Apple shares if you have any money to invest.

[melgross]

Originally Posted by JeffDM

Don't they always say that? It's like a standard tease for them. They're always working on something fantastic and special, be it a generational design update or just a speed bump.

It's always; "Due to competitive reasons...".

They won't even break out sales of the Touch from all iPod sales.