Apple Financial Results Q3 - 2007
Apple presented the results of the Q3 of 2007.
Peter Openheimer CFO of Apple, spoke about the sales growth to an $818 million profit in its fiscal third quarter. For the three months ended June 30, 2007, the company saw $5.41 billion in sales, a 24-percent increase from the year-ago quarter.
Summary:
• iPhone
AT&T declared that 146,000 iPhones were activated. Apple sold 270,000 of these telephones during the first 30 hours. Historically, the operator had not been able to sell in only a month such amount of terminals. On the other hand, Apple will make public at the end of this trimester the strategy to take in Europe, before the beginning of 2008 and Asia, on the beginning of 2008. It does not seem to have a clear symptoms of cannibalization of the market of iPod.
• Mac Sales
Apple products sell very well. The sales increase of 32% a year from one year to the other and this implies a 60% of the total income of the company.
iPod and the products in the market of music a 40%. The iPod has registered a 33% increase from one year to the other. The MacBook and MacBook Pro were impressive 64% total of the produced sales, without a doubt successful products.
• Apple Stores
The growth of the sales on the Apple stores registered a 33% from one year to the other.
The current 185 Apple Stores are expected to grow anywhere to 197 at the end of year, globally. The direct sales have increased a 4% with respect to the last year 53%.
Popularity: 11%
Another F.Y.I.
Article reads “For the three months ended June 30, 2007, the company saw $5.41 billion in sales”, but up above under the bar graph, it says “revenues in billions” Am I reading this wrong?
sorry that should say ” revenues in millions”.