Apple is holding a conference call to discuss the results of its first fiscal quarter for 2009, a record quarter for earnings and revenues despite a much harsher world economy. Notes for its performance during the quarter and for the call follow.
Apple said Wednesday that first-quarter profits rose a little less than 2 percent to $1.61 billion, or $1.78 per diluted share, on record sales of $10.17 billion for the three-month period ended December 27, 2008.
Analysts polled by Thomson Financial expect Apple to report earnings of $1.38 in EPS on $9.74 billion in revenue when the company releases its results shortly after the close of trading this afternoon.
In its recently reported fiscal fourth quarter, Apple's adjusted net income grew approximately 124.6% from $1.085 billion in Q4 2007 to $2.437 billion in Q4 2008 — an extraordinary number when fully accounting for iPhone sales in both periods.
Several prominent Wall Street analysts issued new research notes following Apple's fourth quarter earnings announcement Tuesday, offering commentary on the company's forward looking prospects, and in some cases making changes to their ratings and price targets.
Apple chief executive Steve Jobs made a surprise appearance on the company's fourth quarter conference call Tuesday and fielded a variety of questions that revealed further insight into company's ongoing product strategies. Specifically, he made remarks about Apple's position on the emerging NetBook space, how the troubled global economy impacts the company, the state of Apple TV, and how Apple views the prospects for $500 desktop PCs.
Apple has just concluded its fiscal fourth quarter conference call which featured a surprise appearance by company chief executive Steve Jobs, who fielded questions on low cost PCs, the future of the iPhone, and the new netbook category of portables.
Wall Street investors are holding their breath as Apple is set to report earnings after the close of regular trading this afternoon. This particular report will be one of the most crucial in the company’s history as Wall Street and her analysts have completely written Apple off as a business that could thrive in a slower economic environment.
Apple handily beat expectations for its fiscal third quarter Monday, but investors used a late trading session to punish shares of the Mac and iPhone maker after the company offered conservative forward-looking guidance and refused to comment on the health of chief executive Steve Jobs.
Apple on Monday announced the best spring quarter for earnings and revenue in company history, and has just finished a financial conference call with analysts and members of the media. Several notes of interest are available from the call.
Apple is set to report earnings for its fiscal third quarter after the close of regular hours trading this afternoon. Analysts polled by Thomson Financial expect the company to post earnings of $1.08 on $7.37 billion in revenue, fueled by sales of 2.2 million Macs, 10 million iPods and about 700,000 iPhones.
Apple on Wednesday announced its most profitable second quarter in company history, and held a financial conference call with analysts and members of the media. Several notes of interest from the now concluded call follow:
With Apple set to report earnings from its second fiscal quarter after the close of the stock market today, several prominent Wall Street analysts have locked in their bets on profits, revenues, gross margin, and unit sales. Here's a breakdown to help investors pinpoint the winners (and losers) at the end of the day.
In a conference call reporting earnings for Apple's fiscal Q1, the quarter ending in December, Chief Financial Officer Peter Oppenheimer announced he was "very pleased to report the best quarter ever" for the company, with revenue of $9.6 billion and net quarterly profit of $1.58 billion, resulting in $1.76 per diluted share.
Apple on Tuesday announced its most profitable quarter in company history, and held a financial conference call with analysts and members of the media. Several notes of interest from the finished call follow: