ConnectReviews

Apple today released their Q1 2007 Financial Results before their conference call at 2:00 PT today.

CUPERTINO, California—January 17, 2007—Apple® today announced financial results for its fiscal 2007 first quarter ended December 30, 2006. The Company posted record revenue of $7.1 billion and record net quarterly profit of $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 margin was 31.2 percent, up from 27.2 percent in the year-ago quarter. International sales accounted for 42 percent of the quarter's revenue.

Apple shipped 1,606,000 Macintosh® computers and 21,066,000 iPods during the quarter, representing 28 percent growth in Macs and 50 percent growth in iPods over the year-ago quarter.

"We are incredibly pleased to report record quarterly revenue of over $7 billion and record earnings of $1 billion," said Steve Jobs, Apple's CEO. "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."

"We generated over $1.75 billion in cash during the quarter to end with $11.9 billion," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second fiscal quarter of 2007, we expect revenue of $4.8 to $4.9 billion and earnings per diluted share of $.54 to $.56."

Similar Articles You Might Enjoy

• Apple introduces iPod shuffle in colors!
• Adobe brings Premiere back to Mac.
• Announcing the 2008 Holiday Gift Guide!
• Macworld 2007: iPhone.
• 2008 Holiday Gift Guide: Budget Gifts
• 2007 Holiday Gift Guide: Gifts for the Student
• 2007 ConnectReviews Holiday Gift Guide starts Monday!
• YouTube now on AppleTV, plus a new 160GB option