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Posted Oct 22, 2007 08:05 by Glen D.
Listed in:
News
Tags:
Steve Jobs,
Peter Oppenheimer
4QJ
Ó
Apple has come out with a press release looking ahead to record financial gains in the fiscal year 2007. Macintosh computers, iPod portable music players, and the hot-selling iPhone mobile handset are all earmarked as major factors for a fantastic year.According to Apple, revenues will hit around US$ 6.22 billion with US$ 904 million dollars in net profit. Those figures are significantly better than fiscal 2006's final monetary tally. "We are very pleased to have generated over $24 billion in revenue and $3.5 billion in net income in fiscal 2007," said Steve Jobs, AppleÂ?s CEO. "WeÂ?re looking forward to a strong December quarter as we enter the holiday season with AppleÂ?s best products ever." "Apple ended the fiscal year with $15.4 billion in cash and no debt," adds Peter Oppenheimer, AppleÂ?s CFO. "Looking ahead to the first quarter of fiscal 2008, we expect revenue of about $9.2 billion and earnings per diluted share of about $1.42." Apple is looking poised to take over the holiday season with sales of its iPod, iPhone, and Mac computers expected to reach all-year highs in North America and Europe. Apple reminds everyone, though, that this information is based on estimates using the most recent data available. External factors such as court decisions, consumer response, and economic conditions may affect the final results of fiscal 2007. |
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