Back in the day, Apple would report poor earnings on a Friday after the market closed (so people might forget about it over the weekend) and good earnings on a Thursday. And when they announced today, a Monday, people expected big news. But not this big!
Apple generated $24 Billion dollars in revenue in FY07 (their first fiscal qtr is the holiday qtr) and shipped more than 2 million Macs, 10 million iPods, and 1 million iPhones. Analysts expected profit of around $0.67 per diluted share: Apple reported more than $1 per share – above even the highest expectations. Apple’s after hours stock price hit another all-time high of over $184 per share.
This performance, coming off a great Back To School season, and reports of huge market share gains may be just the beginning. Now that the holiday season is here, can we expect even bigger things from Steve and Co?