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Apple reports best ever March quarter with a $1.21b profit, calls netbooks "junky"
The economy might be in a dumpster, but Apple keeps selling iPods, iPhones and Macs -- the company just reported a $1.21b profit on revenues of $8.16b, which is yet another record quarter. In fact, if you do away with that pesky subscription accounting that the company uses for the iPhone and Apple TV, the numbers are even higher: $1.66b profit on $9.06b of revenue. Mac sales did fall three percent compared to a year ago, but that was offset by a three-percent increase in iPod sales (particularly of the iPod touch) and a 123-percent jump in iPhone sales. So, now that the numbers are out of the way, let's let Tim Cook take some shots at netbooks, shall we? When I'm looking at what's sold in the Netbook market, I see cramped keyboards, junky hardware, very small screens, bad software. Not a consumer experience that we would put the Mac brand on. As it exists today, we're not interested in it nor would it be something customers would be interested in the long term. We are looking at the space. For those who want a small computer that does browsing/email, they might want an iPhone or iPod Touch. If we find a way to deliver an innovative product that really makes a contribution, we'll do that. Slamming the door while simultaneously leaving it open -- how very Jobs-like. Speaking of which, Cook wouldn't say anything beyond the usual "We look forward to Steve's return in June" line, so no updates there -- but were you really expecting any? We're still listening to the call, we'll update if we hear anything good.Update 1: When asked about the Pre, Cook said "it's difficult to say anything about a product until it's shipped... I can't say anything intelligent about the Pre."Update 2: When asked about taking legal action on IP (presumably about the Pre), we just got a straight-up repeat of what they said last time: "We think competition is great as long as they invent their own stuff."Annnd, that's it -- we'd say the real fireworks are the numbers, since we'd already heard this line about netbooks from Steve himself. We just wish someone would've asked if Apple's reached out to Lauren and Giampaulo.[Via MacRumors]
Sony Ericsson says first quarter sales down 50%, $500m loss expected
Things just aren't going well for Sony Ericsson at the moment: hot on the heels of rumors that Ericsson might be looking to split out, the partnership's cautioning investors that first quarter sales are down some 50 percent. That translates to a loss of between €340 and €390 million, which we're guessing will translate to somewhere around $500 million -- sadly even worse than last quarter, when the outfit lost $247 million. SE blames the poor showing on "weak consumer demand," but we'd say it has more to do with a lineup of phones that always seem to be too little, too late -- let's hope those planned Android phones make an appearance soon.
Apple records another record quarter -- $1.61B profit
Apple just announced its quarterly results, and it looks the brutal economy isn't bruising the fruit at all -- the company posted a record $1.61B profit on $10.17B in revenue. Adjusted to reflect the subscription accounting Apple uses for the iPhone and Apple TV, that's $2.3B of income on $11.8B of revenue. Sales were all strong -- Macs were up nine percent to 2.5M sold, iPods up three percent to 22.7M sold, and iPhones were up 88 percent to 4.3M sold. If you're keeping track, that means Apple's now sold well over 10M iPhone 3Gs on top of beating its goal of 10M total iPhones in 2008, which is pretty tremendous. Acting CEO Tim Cook and CFO Peter Oppenheimer are taking questions from analysts now, we'll let you know if anything interesting happens -- as you'd expect, the first question was "How's Steve?" and it got basically a non-answer.2:18PM - After rattling off Apple's core goals and beliefs, Tim Cook said that "regardless of who is in what job, those values are so embedded in this company that Apple will do extremely well." Neither him or Peter would speak to succession plans or comment on Steve's health.
Microsoft's Xbox division turns Q1 profit, ships 2.2 million consoles
Good news, everybody (concerned with the financial prosperity of a gigantic corporation)! Microsoft's fiscal Q1 2009 results, which cover the three-month period ending September 30th, 2008, show that its Entertainment and Devices Division -- the same one responsible for the entertaining device known as the Xbox 360 -- managed to turn a profit once again. According to Gamesindustry.biz, quarterly income rose to $178 million, an approximate 6.6% increase over last year's $167 million. In less financially fortuitous news, overall sales were down from $1.929 billion to $1.814 billion (no Halo 3 this year, remember?) compared to Q1 2008, and revenue from the Xbox 360 and PC platforms went down by 22%. Though Microsoft still shifted 2.2 million consoles, the EDD was greatly aided by sales of Mac software, mobile device applications and the Zune. Seriously, people, we can't keep making fun of it if you actually go and buy the darn thing.
Apple Q408 results out: 6.9m iPhones sold, record Mac sales UPDATE: Steve answers analysts' questions
Hey, turns out that people seem to like a little thing called the iPhone 3G. Apple just announced that it's sold 6.9 million of 'em during its financial fourth quarter, beating out the 6.1 million total first-gen iPhones sold in the previous five quarters -- and beating RIM's total sales this quarter, which Apple seems excited about. Of course, that represents worldwide availability in 51 countries vs the initial US-only launch, so it's not totally unexpected that the numbers are up, but it means that Apple's hit its goal of 10 million iPhones sold in 2008, which should cause some celebration in Cupertino. Apple also seems pleased with Mac sales, which are up 21 percent over a year ago to 2.6 million -- more than it's sold in any other quarter ever. All that combines with 11 million iPods sold for a total profit of $1.1 billion on revenues of $7.9 billion -- that's a lot of scratch. Still, times are tough, so Steve, do you have a seemingly-cautious statement about the US economy that also doubles as a smug shot at your competitors? "We don't yet know how this economic downturn will affect Apple. But we're armed with the strongest product line in our history, the most talented employees and the best customers in our industry. And $25 billion of cash safely in the bank with zero debt." Yeah, we thought you might.PS.- The analyst call just finished with a special appearance from Steve Jobs, who took questions. Head past the break for our semi-liveblog transcript of the good parts.
AMD reports Q2 results: $1.2B loss, quitting handheld and digital television businesses
Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today -- the chipmaker just announced its second quarter results, and they're not good. In addition to an overall $269M operating loss, the company is taking an $876M charge against the purchase of ATI so it can abandon the handheld graphics and digital TV markets. To be honest, we hadn't been hearing much about ATI's plans in those areas, so it's probably for the best the company is focusing on getting Barcelona out the door after the launch of Puma -- but we doubt much is going to happen with a power vacuum at the top and a bottom line that's bleeding red.[Via Crave]
Activision Q4 sales up 80% to $1.48 billion
One of the nice things about being the top US publisher in a booming game industry is that it affords you the privilege of announcing record holiday sales. Activision's third fiscal quarter, stretching from October to December 2007, saw the publisher's sales increase by 80% over the year prior to $1.48 billion, with profits amounting to $272.2 million. Guitar Hero III: Legends of Rock and Call of Duty 4: Modern Warfare are the key titles to praise if you're Activision and blame if you're a consumer wondering where all your hard-earned money went.Activision anticipates a further $350 million in sales to originate from its fourth fiscal quarter (ending in March), ultimately contributing to a projected $2.65 billion for the entire fiscal year 2008. As long as shootin' and shreddin' remain popular and the upcoming Vivendi merger stays on track, we don't expect to put "bankrupt" and "Activision" in the same sentence for a very long time. Well, not unless one those words is preceded by "creatively."
Apple posts $1.58B profit, buys monocle, top hat
Well, the holidays were pretty happy down Cupertino way this year -- Apple just posted its Q108 financials and they're impressive. Spurred by sales of 2.3 million iPhones, 22 million iPods, and 2.3 million Macs, Steve and the boys raked in $9.6 billion in total revenue, which translates to $1.58 billion in pure, glorious profit. That represents Apple's latest best quarter ever, with a 35 percent jump in revenue year-over-year -- a $2.5 billion increase from last December. The $1.76 profit per share also beat consensus analyst estimates of $1.63 a share, and, as Piper Jaffray's Gene Munster pointed out in his notes, Mac sales have increased 43 percent since last year. All in all, quite a quarter for a fruit company -- we'll let you know what else we find out during the conference call later today.
Microsoft has an okay quarter, posts $4.3B profit
It's quarterly report time, and we doubt the boys in Redmond mind taking a little shine off Apple's big day with their first quarter results -- especially since Microsoft posted profits of $4.3B on revenues of $13.7B, an increase of 23 percent over last year. The company attributed the great quarter not only to a 90-percent spike in Xbox 360 demand due to what the what analysts are amusingly calling the "Halo effect," but also to strong performance by both Vista and Office -- Microsoft says demand for Vista is "encouraging," especially in markets like Brazil, India, and China. There wasn't much mention of the company's recent investment in Facebook or how Bill and the boys plan on reversing the online division's loss of $264M, but when you're playing around with four billion in profits, we suppose you can ignore pocket change like that.[Thanks to everyone who sent this in]
Apple sold 270,000 iPhones in the first 30 hours
According to Apple's Q3 financial results call, Apple sold 270,000 iPhones during the first 30 hours of sales -- the quarter ended on June 30th. Apple admitted to and apologized for activation problems, which would account for that 146,000 activations figure that AT&T released yesterday. As for sales past June 30th, Apple isn't saying much, but they do plan to be able to announce at least one million in sales by September 30th, and 10 million by the end of 2008. Apple reiterated launch plans for the iPhone in Europe, stating that it'll have the phone in a few "major" countries (Most likely UK, France and Germany) by Q4 2007, and hit the rest of Europe with the phone in 2008. Apple did mention "we'll have details later in the quarter about which carriers we'll be working with" as in, plural, so take that for what you will. During the call, Apple also admitted to an impending cashflow from AT&T, which had been speculated, and is most likely based on contract renewals and new subscribers that the iPhone nabs for AT&T. Apple will start counting the revenue in the September quarter, but didn't say anything else on the subject while dodging questions about Yahoo!, YouTube and Google contracts.[Thanks, Wildthing]
Apple releases 1Q results for 2006
Spoiler alert: It's going well. Apple recorded its highest earnings in the company's history during the fiscal quarter that ended on December 31, 2005. Apple claimed $5.75 billion in revenue and a net quarterly profit of $565 million during the 14-week quarter. They sold 1,254,000 Macs and 14,043,000 iPods, representing a 20% growth in Mac sales and 207% growth in iPod sales from a year ago.In other news, I found six bucks in my jacket pocket today and was really excited about it. Me and Apple: Same planet, different worlds.
