Posts tagged with "earnings call"

Apple Q4 2011 Results: $28.27 Billion Revenue, 17.07 Million iPhones, 11.12 Million iPads, 4.89 Million Macs Sold

Apple has just posted their Q4 2011 financial results. The company posted record-breaking revenue of $28.27 billion, with 11.12 million iPads, 17.07 million iPhones and 4.89 million Macs sold. The company posted quarterly net profit of $6.62 billion, or $7.05 per diluted share. iPhone represented a 21 percent unit growth over the year-ago quarter; iPod sales are down 27 percent from the year-ago quarter, but Apple reported the best iPad quarter to date with over 11 million units sold and a 166% increase over the year-ago quarter. For the next quarter, Apple set guidance at revenue of about $37 billion and diluted earnings per share of about $9.30.

Estimates and Previous Quarters

Wall Street consensus’ estimate was earnings of $7.28 per share and revenue of $29.45 billion; independent analysts expected earnings per share of $9.07 and $33.47 billion revenue. In Q3 2011, Apple said they expected revenue of about $25 billion and diluted earnings per share of about $5.50 in the fourth fiscal quarter of 2011.

In Q3 2011, the company posted record-breaking revenue of $28.57 billion, with 9.25 million iPads, 20.34 million iPhones and 3.95 million Macs sold.. In the year-ago quarter, Apple posted revenue of $20.34 billion and net quarterly profit of $4.31 billion. In Q4 2010, the company sold 3.89 million Macs, 14.1 million iPhones and 4.19 million iPads, which began selling during the quarter.

Q4 2011 Recap

Apple’s fourth fiscal quarter, which ended on September 25th, saw the release of updated MacBook Air and Mac mini models, OS X Lion on the Mac App Store and, later, on USB drive, as well as a new iMac for the educational market and a new Thunderbolt Display. The company was initially expected to unveil a new iPhone in September, but a media event took place in Cupertino on October 4th, nine days after the quarter ended. iPhone 4S sales numbers will be included in Apple’s Q1 2012, but the company has already announced over four million iPhone 4S units have been sold in the first weekend of availability.

As for the Mac, the MacBook Air is widely believed to have become the crown jewel of Apple’s portable business (which no longer includes the white MacBook, discontinued in July) that, alongside Lion, was expected to boost Mac sales in the September quarter.

On August 24th, Steve Jobs resigned as CEO of Apple, and Tim Cook was elected CEO of the company. Steve Jobs passed away on October 5th.

On October 4th, Apple also announced over 6 million copies of Lion had been downloaded through the Mac App Store since July 20th (when the operating system went on sale), with Mac users approaching 60 million worldwide.

Q4 2011 Earnings Call

Apple will provide a live audio feed of its Q4 2011 conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Full press release is embedded after the break.

Notes from the call

- Tim Cook: Steve Jobs’ spirit will always be the foundation of Apple.

- New record sales for Mac and iPad in the September quarter.

- Mac sales increased strongly in each operating segment.

- iPod touch continues to account for half of all iPods sold.

- iPhone sales double in Asia Pacific year-over-year.

- Ended quarter with about 2.5 million iPads in channel inventory.

- 92% of Fortune 500 testing or deploying iPad.

- 500,000 apps available in the App Store. Expanded the App Store to 123 countries in the September quarter.

- 30 new retail stores opened in the quarter, 21 internationally.

- $3.6 billion revenue from Apple retail stores.

- 77.5 million visitors in Apple retail stores in the quarter.

- Average revenue per store is $10.7 million.

- Apple has $81.6 billion in cash available.

- Tim: We’re confident that we’ll have a large supply for the 4S in holiday quarter and set an all-time record for iPhone this quarter.

- Tim: Progress in China has been amazing: Greater China revenue 2% in FY09; 12% in FY11. Fastest growing major region. $4.5 billion in revenue from China in September quarter.

- Apple placing additional focus on other promising areas: Brazil, Russia, Middle East. There are several of these markets where Apple hasn’t been historically strong.

- Tim: China – the sky’s the limit there.

- Tim: As iPad competitors came to the market, our share went up.

- Oppenheimer: Pervasive iPhone rumors had a definite negative impact on Apple’s business.

- 40 million iPads sold on a cumulative basis.

- Tim on iPhone 4S launch (4 million units) Vs. iPhone 4 launch (1.7 million units) last year: “That’s the mother of all uplifts”.

- Tim: Number of people using Siri already is amazing. We see this as a profound innovation. Over time  many, many people will use Siri in a substantial way.

- Tim: We spend a lot of time and money and resource in coming up with incredible innovations. And we don’t like when someone else takes those.

- Tim: We still see iPhone 3GS and iPhone 4 as incredible products.

- iPad available in 90 countries.

- Tim: We are in the main countries with iPad.

- Tim: Everything we’re doing in the United States, we’re doing in China.

- Tim: Cannibalization of PC market happening in two ways. Some people choose to buy an iPad over a Mac: a materially larger number of people buying an iPad instead of PC.

- Tim: I’m not religious about holding cash or not holding it.

- Tim: We could not be happier with our position in the tablet market. We have some incredible things in the pipeline.

Graphical Visualization

We have compiled a series of graphs and charts to offer a graphical visualization of Apple’s third quarter. Apple’s Q4 2011 data summary is available here.

 

Read more

Apple Announces Q4 2011 Conference Call For October 18

As usual after the end of a fiscal quarter, Apple refreshed its Investor web page and activated the URL that will redirect to its next conference call webcast. For the fourth fiscal quarter, which ended on Saturday, September 24th, Apple has announced that they will announce results on October 18th.

Apple’s conference call webcast discussing Q4 - 2011 financial results will begin at 2:00pm PT/5:00pm ET on Tuesday, October 18, 2011.

Please note that comments made during this call may include forward-looking statements that are subject to risks and uncertainties, and that actual results may differ materially from these forward-looking statements. For more information on the factors that could influence results, please refer to Apple’s SEC filings.

In Q3 2011, Apple posted $28.57 billion of revenue with 20.34 million iPhones, 9.25 million iPads, and 3.95 million Macs sold. The company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share. Also in Q3, Apple reported an amazing growth in China with revenue of $3.8 billion during the quarter. In the year-ago quarter, Apple posted revenue of $20.34 billion with 3.89 million Macs, 14.1 million iPhones and 4.19 million iPads sold during the quarter.

Initially rumored to be released in September, Apple’s fourth quarter won’t include any iPhone 5-related results – the device is now rumored to be unveiled at a media event on October 4th. The earnings call will provide, however, insight into Apple’s summer release cycle, which saw updates for the popular MacBook Air line, new Mac minis, and the release of OS X Lion in July. If most recent rumors are to be believed, the Q4 earnings call might be a way for Apple to announce day-one sales of the next iPhone, rumored to be hitting the U.S. marked in mid-October.

We will provide live updates from the call on our site’s homepage on October 18 starting at 2 PM PT.

Apple Q3 2011 Results: $28.57 Billion Revenue, 20.34 Million iPhones, 9.25 Million iPads, 3.95 Million Macs Sold

Apple has just posted their Q3 2011 financial results. The company posted record-breaking revenue of $28.57 billion, with 9.25 million iPads, 20.34 million iPhones and 3.95 million Macs sold. Apple reported record quarterly net profit of $7.31 billion, or $7.79 per diluted share. Wall Street consensus’ estimate was earnings of $5.80 per share and revenue of $24.92 billion. The company posted record quarterly revenue of $28.57 billion and record quarterly net profit of $7.31 billion, or $7.79 per diluted share.

In Q2 2011, the company said they expected revenue of about $23 billion and diluted earnings per share of about $5.03 in the third fiscal quarter of 2011.

From the results, iPhone is growing 142% year over year, and with 9.25 million units sold the iPad saw a 183% increase over the year-ago quarter. Apple sold sold 7.54 million iPods with a 20% unit decline. The third quarter has been the best non-holiday Mac quarter ever, best iPhone quarter ever, best iPad quarter ever. There are now 28.7 million iPads out there, including 14 million units shipped this calendar year.

In Q2 2011, the company posted revenue of $24.67 billion with 4.69 million iPads, 18.65 million iPhones and 4.69 million Macs sold. In the year-ago quarter, Apple posted revenue of $15.7 billion and net quarterly profit of $3.25 billion. The company sold 3.47 million Macs, 8.4 million iPhones and 3.27 million iPads, which began selling during the quarter.

Apple will provide a live audio feed of its Q3 2011 conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Full press release is embedded after the break. Read more

Reminder: Apple’s Q3 Earnings Call Today – 5 PM ET

Later today, starting at 5:00 PM ET (2:00 PM PT) Apple will hold its Q3 2011 earnings call to reveal their financial results, shortly after the market closes. Apple will, as usual be offering an audio-only live stream of the call that will be available here. Meanwhile here at MacStories, we will be following the earnings call with a post covering it live – this will be a post continuously updated with notes from the call.

As for what today’s earnings call will bring, AllThingsD has an article this morning quoting a JP Morgan analyst who believes Apple will exceed expected earnings “by a lot”. It is also helpful to note that for the last 13 quarters, Apple has beaten analysts’ financial expectations – many expect Apple could do it again for this quarter’s results.

Earlier this month some (non-Wall Street) Apple analysts from The Mac Observer’s Finance Board expected (on average) for Apple to have sold around 17.6 million iPhones, 8.3 million iPads, 8.3 iPods and 4.3 million Macs. The same analysts believe Apple could have seen 69% year-over-year growth in Q3 2011.

Be sure to tune in at 5 PM ET for a full breakdown of the Q3 2011 financial results from Apple’s earnings call. For those in other time zones, the earnings call is at:

2:00 PM – San Francisco

6:00 PM – Rio de Janeiro

10:00 PM – London

11:00 PM – Rome

1:00 AM (Wed) – Moscow

5:00 AM (Wed) – Beijing

7:00 AM (Wed) – Sydney

9:00 AM (Wed) – Auckland

For all other time zones, click here.

Ahead Of Next Week’s Earnings Call, Analysts Predict High Mac, iPhone And iPad Sales

Ahead of next week’s earning call, there are two reports out today by analysts that paint a rosy picture of Mac, iPhone and iPad sales. The first report by Barclays Capital anaylst Ben Reitzes, claims that Apple is likely to exceed 22% growth in Mac computer shipments during the June quarter. This is despite US market data that has been less optimistic, but Reitzes suggests that overseas sales may compensate for the “somewhat muted” US sales due to the fact that many consumers are waiting for new MacBook Air models.

The second report from Brian White of Ticonderoga Securities included some revised figures and claims that Apple is likely to have sold a record of 8.5 million iPads and an impressive 17.53 million iPhones in the June quarter.

After our recent trip to Asia, we indicated that we felt our iPhone estimates for the June quarter were overly conservative, while our iPad projections were achievable and well above the Street.

Apple’s previous record for iPad sales was last years holiday quarter where they sold 7.3 million units. The iPhone sales according to White would be less than last-quarter’s record 18.65 units but still more than double the 8.4 million units Apple sold in the same quarter last year.

While many larger tech companies rely on more cyclical trends to grow sales, we believe Apple enjoys the tailwind of strong secular industry trends, hot new products and market share gain opportunities

[Via Barrons, AppleInsider]

Apple Q2 2011 Financial Results: $24.67 Billion Revenue, 4.69 Million iPads, 18.65 Million iPhones Sold

Apple has just posted their Q2 2011 financial results. The company posted revenue of $24.67 billion, with 4.69 million iPads sold, 18.65 million iPhones and 3.76 million Macs. Wall Street consensus estimate was EPS of $5.36 and revenue of $23.34B. Mac sales saw a 28% increase over the year-ago quarter, while with 9.02 million iPods sold Apple saw a 17% unit decline. Overall, the company posted quarterly revenue growth of 83% and profit growth of 95%. International sales were 59% for the quarter, with Asia and Pacific regions featuring a 182% increase year over year. The reported iPhone sales were stronger than expected by most analysts, with a 113% increase year over year. iPhone revenues, however, grew faster than sales with a 126% increase [source]. Overall, this was the biggest non-holiday quarter in Apple’s history.

With quarterly revenue growth of 83 percent and profit growth of 95 percent, we’re firing on all cylinders,” said Steve Jobs, Apple’s CEO. “We will continue to innovate on all fronts throughout the remainder of the year.

In Q1 2011, the company posted a record revenue of $26.74 billion with 7.33 million iPads sold, 16.24 million iPhones and 4.13 million Macs. In the year-ago quarter, Apple posted revenue of $13.50 billion and net quarterly profit of $3.07 billion. The company sold 2.94 million Macs, 8.75 million iPhones and 10.89 million iPods during the quarter.

Apple will provide a live streaming audio feed of its Q2 2011 financial results conference call at 2:00 PM Pacific, and we’ll update this story with the conference highlights. Read more

Analysts and Bloggers Share Q1 2011 Predictions

With Apple’s financial results for Q1 2011 only a few hours away, Fortune has posted its usual chart of predictions from professional and amateur analysts regarding Apple’s sales for the last quarter. To give it a bit of context, in the last quarter (pre-holiday season) Apple sold 3.89 million Macs, 14.1 million iPhones, 4.19 million iPads, 9.05 million iPods. The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion.

Looking at Fortune’s chart, it appears that most analysts are predicting revenue between $23 and $27 billion, 14 to 16 million iPhones sold and 6 to 7 million iPads sold. Horace Dediu from Asymco, for instance, is predicting $25.50 billion revenue, 16.16 million iPhones sold, 18.87 million iPods, 4.30 million Macs and 6 million iPads.

Official numbers will be provided by Apple later today. An audio-only webcast of the conference call will be available here.

Reminder: Apple Q1 Financial Results Today – 5 PM ET

Later today starting at 5:00 PM ET (2:00 PM PT) Apple will hold the Q1 2011 earnings call to announce their financial results, shortly after the markets close. An audio-only live streaming will be available at www.apple.com/quicktime/qtv/earningsq111/. We will offer a breakdown of the results and have a post in the homepage with continually updating notes from the earnings call.

Apple is expected to post blockbuster sales from the holiday season, with iPads and iPhones to lead and the new MacBook Airs to follow. In the last quarter, Apple posted record iPhone and Mac sales with 14.1 million iPhone sold, 3.89 million Macs and 4.19 million iPads.The company posted record revenue of $20.34 billion and net quarterly profit of $4.31 billion.

Apple CEO Steve Jobs announced yesterday that he’s taking another medical leave of absence to focus on his health.