Growth in Apple's iPod business might have disappeared, but the new-media darling still managed to best the expectations of Wall Street experts in its fiscal second quarter.
Apple said Wednesday that it sold 10.6 million iPods in the three-month period that ended March 29, just 1% more than it sold in the same frame last year. Revenue for the iPod rose 8%.
The star of the quarter was the Macintosh computer, of which Apple sold 2.3 million units, representing 51% unit growth and 54% revenue growth.
The company sold 1.7 million iPhones, and CFO Peter Oppenheimer stuck by Apple's prediction that it will sell 10 million iPhones this year, a goal analysts have doubted is achievable.
Unit sales numbers for Apple TV are kept secret, and Oppenheimer mentioned the product only briefly during a conference call Wednesday, and analysts weren't inclined to revisit the topic.
Overall, Apple posted a $1.1 billion profit, up from $770 million a year ago quarter.
Apple said Wednesday that it sold 10.6 million iPods in the three-month period that ended March 29, just 1% more than it sold in the same frame last year. Revenue for the iPod rose 8%.
The star of the quarter was the Macintosh computer, of which Apple sold 2.3 million units, representing 51% unit growth and 54% revenue growth.
The company sold 1.7 million iPhones, and CFO Peter Oppenheimer stuck by Apple's prediction that it will sell 10 million iPhones this year, a goal analysts have doubted is achievable.
Unit sales numbers for Apple TV are kept secret, and Oppenheimer mentioned the product only briefly during a conference call Wednesday, and analysts weren't inclined to revisit the topic.
Overall, Apple posted a $1.1 billion profit, up from $770 million a year ago quarter.
- 4/23/2008
- The Hollywood Reporter - Movie News
Apple reported the best quarterly financial results in its history Tuesday, selling 22.1 million iPods, 2.3 million Macintosh computers and 2.3 million iPhones.
Absent from the data executives shared with investors Tuesday, however, was the number of Apple TV set-top boxes the company sold. Apple TV is the conduit for moving iTunes content to television screens, an important device now that iTunes has begun renting movies and TV shows.
Apple posted fiscal first-quarter profit of $1.6 billion, ahead of forecasts and up 58% from the same quarter a year ago. Revenue rose 35% to $9.6 billion, also besting forecasts.
The record-setting numbers didn't impress Wall Street, though, and Apple shares fell 11% in after-hours trading after having shed 4% during the regular session.
Analysts seemed to be keying on lackluster guidance and on what some called disappointing 5% unit growth in iPod sales, nothing when compared with the 44% unit growth for Macintosh computers.
During a conference call, CFO Peter Oppenheimer and COO Timothy Cook defended Apple's potential for growth in the increasingly saturated market of digital music players, mostly by talking up the new iPod Touch.
Absent from the data executives shared with investors Tuesday, however, was the number of Apple TV set-top boxes the company sold. Apple TV is the conduit for moving iTunes content to television screens, an important device now that iTunes has begun renting movies and TV shows.
Apple posted fiscal first-quarter profit of $1.6 billion, ahead of forecasts and up 58% from the same quarter a year ago. Revenue rose 35% to $9.6 billion, also besting forecasts.
The record-setting numbers didn't impress Wall Street, though, and Apple shares fell 11% in after-hours trading after having shed 4% during the regular session.
Analysts seemed to be keying on lackluster guidance and on what some called disappointing 5% unit growth in iPod sales, nothing when compared with the 44% unit growth for Macintosh computers.
During a conference call, CFO Peter Oppenheimer and COO Timothy Cook defended Apple's potential for growth in the increasingly saturated market of digital music players, mostly by talking up the new iPod Touch.
- 1/23/2008
- The Hollywood Reporter - Movie News
Apple Inc. delivered a fiscal third quarter that handily beat expectations, and shares surged as much as 10% in after-hours trading Wednesday, partially fueled by aggressive sales goals for the iPhone.
The company reported a profit of $818 million, up from $472 million, on revenue that rose 24% to $5.41 billion.
Apple said it sold 270,000 iPhones in the first 30 hours of the product's release, then the quarter ended.
While company executives declined to disclose how many more iPhones have sold since June 30, CFO Peter Oppenheimer reiterated Apple's goal of selling 10 million by the end of 2008, helped by a fourth-quarter rollout in Europe followed by parts of Asia in 2008.
While it took Apple two years to sell 1 million iPods, the company hopes to sell that many iPhones by the end of the current quarter.
"IPhone is off to a great start", Apple CEO Steve Jobs said in a statement. He did not participate in a conference call with analysts Wednesday.
The company reported a profit of $818 million, up from $472 million, on revenue that rose 24% to $5.41 billion.
Apple said it sold 270,000 iPhones in the first 30 hours of the product's release, then the quarter ended.
While company executives declined to disclose how many more iPhones have sold since June 30, CFO Peter Oppenheimer reiterated Apple's goal of selling 10 million by the end of 2008, helped by a fourth-quarter rollout in Europe followed by parts of Asia in 2008.
While it took Apple two years to sell 1 million iPods, the company hopes to sell that many iPhones by the end of the current quarter.
"IPhone is off to a great start", Apple CEO Steve Jobs said in a statement. He did not participate in a conference call with analysts Wednesday.
- 7/26/2007
- The Hollywood Reporter - Movie News
Apple Inc. shipped 21.1 million iPods in its first fiscal quarter, 50% more than in the same quarter a year ago, a primary factor in the company's Wednesday posting of a record $1 billion quarterly profit, 78% better than last year.
Apple, which recently dropped "computer" from its corporate moniker, shipped 1.6 million Macs during the quarter, 28% more than a year ago.
Revenue increased 24.5% year-over-year to $7.1 billion, with $3.4 billion coming from iPod sales. Other music-related revenue, including sales at Apple's online iTunes store, totaled $634 million.
Chief financial officer Peter Oppenheimer said the iTunes store now features 4 million songs, 350 television titles and 250 film titles, and he called demand for the iPod during the holiday season "extraordinary."
IPod had a 72% share of the market of digital-music players in December, according to research firm NPD, and the International Federation of the Phonographic Industry said Wednesday that digital-music sales doubled last year to about $2 billion, or about 10% of all sales.
Apple, which recently dropped "computer" from its corporate moniker, shipped 1.6 million Macs during the quarter, 28% more than a year ago.
Revenue increased 24.5% year-over-year to $7.1 billion, with $3.4 billion coming from iPod sales. Other music-related revenue, including sales at Apple's online iTunes store, totaled $634 million.
Chief financial officer Peter Oppenheimer said the iTunes store now features 4 million songs, 350 television titles and 250 film titles, and he called demand for the iPod during the holiday season "extraordinary."
IPod had a 72% share of the market of digital-music players in December, according to research firm NPD, and the International Federation of the Phonographic Industry said Wednesday that digital-music sales doubled last year to about $2 billion, or about 10% of all sales.
- 1/17/2007
- The Hollywood Reporter - Movie News
Bear Stearns analyst Andrew Neff on Wednesday raised his price target on shares of Apple Computer by $6 to $100 citing optimism about growth opportunities, especially in interactive TV. After a meeting with Apple chief financial officer Peter Oppenheimer and vp iPod product marketing Greg Joswiak, "we remain optimistic about Apple's continued innovation," Neff wrote, adding that "iTV could be more impressive" than previously thought. "Though details remain sketchy, Apple emphasized focus of iTV to improve user experience and implied that there may be features beyond streaming video content." Apple shares rose most of the day before closing down fractionally at $91.80.
EMI update
A private-equity deal for music firm EMI Group is unlikely to match the price tag offered this year by Warner Music Group, which has put any deal talks on hold amid regulatory concerns, UBS analyst Ian Whittaker said Wednesday. Some on Tuesday suggested a price in the £3.20 per-share range, "which was what Warner bid for EMI earlier this year," he said.
EMI update
A private-equity deal for music firm EMI Group is unlikely to match the price tag offered this year by Warner Music Group, which has put any deal talks on hold amid regulatory concerns, UBS analyst Ian Whittaker said Wednesday. Some on Tuesday suggested a price in the £3.20 per-share range, "which was what Warner bid for EMI earlier this year," he said.
- 11/29/2006
- The Hollywood Reporter - Movie News
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.