Apple, like so many of its high-tech peers these days, is golden. Just months away from releasing its market-changing iPhone, the Cupertino, CA-based tech and media company keeps printing money and profits from its market-changing iPod and highly praised Mac computer line, according to the company’s fiscal Q2 07 earnings report issued today.
| Apple Q2 Revenue and Net Income ($ in mil.) | ||||
| Quarter | Net Sales | YOY Change | Net Income | YOY Change |
| Q2 03 | $ 1,475 | na | $ 14 | na |
| Q2 04 | $ 1,909 | 29% | $ 46 | 229% |
| Q2 05 | $ 3,243 | 70% | $ 290 | 530% |
| Q2 06 | $ 4,359 | 34% | $ 410 | 41% |
| Q2 07 | $ 5,264 | 21% | $ 770 | 88% |
Even during its seasonally weakest quarter, Apple keeps outshining itself. Revenues jumped 21% year-over-year to $5.3 billion, but net income soared by 88% to $770 million. (Note from the table below that Apple’s net income for its fiscal Q2 was only $14 million in 2003. How far the company has rebounded.)
Fueling the continued strong growth was continued strong sales in iPods and Macs. During the quarter, Apple shipped 10.5 million iPods, up 24% year-over-year. Macs sold briskly too — total computer shipments were 1.5 million during the quarter, up 36% year-over-year.
| Apple Operating and Financial Data | |||||
| (units in 000s, revenue in mils.) | |||||
| Q203 | Q204 | Q205 | Q206 | Q2 07 | |
| Units | Units | Units | Units | Units | |
| Product Summary | |||||
| Desktops* | 412 | 391 | 608 | 614 | 626 |
| Portables** | 299 | 358 | 462 | 498 | 891 |
| Subtotal CPUs | 711 | 749 | 1,070 | 1,112 | 1,517 |
| iPod | NA | 807 | 5,311 | 8,526 | 10,549 |
| *Includes iMac, eMac, Mac mini, PowerMac and Xserve product lines. | |||||
| **Includes iBook and PowerBook product lines. | |||||
With this kind of track record, Apple and its CEO should be even more impervious to the Feds as they move forward with options backdating charges against the company’s former General Counsel. To reinforce its hope that the government backs away from Steve Jobs, a group of influential board members issued a statement today dismissing the allegations of former CFO Fred Anderson that Jobs was warned about the improriety of the options backdating.
The A-list of directors concluded that
We have complete confidence in the conclusions of Apple’s independent investigation, and in Steve’s integrity and his ability to lead Apple.Posted by Cynthia Brumfield at 7:18 PM | Print | Comments (0)
In news that’s not really surprising, Google has overtaken Microsoft as the top most-visited site, according to the latest comScore rankings. Google had 528 million unique visitors in March, up 5% over February’s visitors — Microsoft had 527 million visitors during March, up 3.7 percent over the previous month.
Until now, Microsoft and its affiliated sites had been the most visited online properties since comScore began tracking global visitor data in January 2006. Little wonder that the red-faced software titan had no comment on the latest data.
Adding salt to Microsoft’s wounds, a British research company Millward Brown released the results of its “most powerful brand” survey on Monday which found that the Mountain View-based juggernaut is the most powerful brand in the world, behind GE, Microsoft and Coca-Cola. The brand name is theoretically worth $66.4 billion.
This is all really great for Google but…if the knives were out for the phenomenally successful company before, these latest accolades are only going to make the envy-driven hatred of Google all that much stronger.
Posted by Cynthia Brumfield at 12:33 PM | Print | Comments (0)
Despite the whizbang location technology that is depicted on TV crime shows, emergency officials more often than not can’t locate 911 callers from their mobile phones. The AP received an advance copy of a study conducted by the Association of Public Safety Officials which shows that despite regulations that require carriers to locate callers within 300 feet 95% of the time, a seven market test of the location system showed failure to meet that standard in each case.
Moreover, despite the location rules, carriers aren’t required to share what information they do have with 911 callers, a growing problem given that 8.4% of all homes are “wireless only” and the number of 911 calls made from mobile phones is mushrooming. At today’s FCC meeting, FCC Chairman Kevin Martin will kick off a series of initiatives to tighten requirements regarding location accuracy measurment and to examine how location technology is built into handsets.
Posted by Cynthia Brumfield at 9:46 AM | Print | Comments (0)
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