Apple has another record quarter. Beats estimates
Apple released some hard figures today ahead of the webcast:
- 2,289,000 Macs shipped which represents 51% unit growth, 54% revenue growth
- 10,644,000 iPods shipped which represents 1% unit growth, 8% revenue growth
- 1,703,000 iPhones sold (not going to hit 10 million at this rate)
Revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share
Q2 2007 was $5.26 billion revenue and $770 million profit, or $.87 per diluted share
International sales accounted for 44 percent of the quarter’s revenue.
RBC Capital analyst Mike Abramsky was pretty close with picks of:
Profit: $1.11 per share
Revenue: $7.2 billion
Gross margin: 34 percent
Macs: 2.2 million
iPhones: 1.8 million
iPods: 10.0 million
Current rating: Outperform
Price Target: $190
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