Tag Archives | Earnings

Microsoft: Not This Quarter, Apple

Microsoft has reported in with its quarterly earnings, posting revenues of $16.04 billion which ahead of Wall Street estimates and up 22 percent year over year. This still puts it about $300 million ahead of Apple, so Cupertino’s going to have to wait another quarter to edge Microsoft on the revenue front.

In terms of profit, Microsoft’s $4.52 billion for the quarter far exceeds Apple’s $3.25 billion, so while Apple may be near even in revenue, Redmond’s still making more money. This can be explained by the fact that a large portion of Microsoft’s business is in software, where profit margins are much higher.

“Our transition to cloud services is well underway with offerings like Windows Azure and our Business Productivity Online Services, and we look forward to continuing our product momentum this fall with the upcoming launches of Windows Phone 7 and Xbox Kinect,” chief operating officer Kevin Turner said in a statement.

The company also reported that it had sold 175 million licenses to Windows 7, and that it’s Bing search product had gained search share for the 13th straight month.


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Apple: Full Steam Ahead With Another Record Quarter

As expected, Apple reported its best quarter ever, posting $15.7 billion in revenue, up 61 percent year over year. This was well above the $14.62 billion that analysts polled by Reuters expected, and at least for the moment puts it in a position to possibly match or exceed Microsoft’s results when they report on Thursday.

A record quarter was seen for its Macintosh line of computers, which sold 3.47 million Macs during the quarter and was up 33 percent. 8.4 million iPhones were sold, representing a 61 percent growth over the year ago quarter. iPads which launched during the quarter sold some 3.27 million, essentially maintaining the million per month sales rate it has enjoyed since launch.

“High demand is never a problem,” chief operating officer Tim Cook said of the iPad during a conference call with analysts. “We’re increasing capacity as quickly as we can,” he added, noting that iPad shortages had nothing to do with any particular component shortages.

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No Apple Selloff, Steve Jobs Hypes Up Successes

Apple’s quarterly earnings are out, and there’s some reasons for its normally oversensitive investors to worry about the company’s overall health (which, in my opinion is outstanding considering the current market climate).

But Steve was on hand to make sure investors didn’t sour on Apple.

The company sold 2.6 million Macs during the quarter, up 100,000 from the quarter previous, but 100,000 below the consensus of Wall Street estimates. 11 million iPods sold, which was stronger than expected, and a stunning 6.9 million iPhones sold during the quarter, well above the 4 million predicted by the street.

Other positives and highlights: revenues of $7.9 billion and profits of $1.14 billion ($1.26 per share), the company pointed out in its release that “we have sold more phones than RIM,”  $25 billion in cash in the bank and zero debt.

Gotta say that’s pretty positive. But here’s the negative: the company said the December quarters revenue would range between $9 and $10 billion, which CFO Peter Oppenheimer said “visibility is low and forecasting is challenging, and as a result we are going to be prudent in predicting the December quarter.”

Details from the conference call, updated as we get them below the fold:

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