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Wednesday, November 7, 2007

iPhone Family: 1 389 000 Members and Counting!

Apple announced the financial results for its 2007 last quarter ended September 29, 2007. Boring? Maybe, but besides learning that Apple generated over $24 billion in revenue and $3.5 billion in net income, we learned that the company ended their fiscal year with $15.4 billion in cash and no debt. Not bad for a company that was dying 10 years ago. This cash gives them a lot of room to work on new versions of these toys that we like so much.

Talking about toys, they've sold 10,200,000 iPods during the quarter, representing 17 percent growth over the year-ago quarter. Quarterly iPhone sales were 1,119,000, bringing cumulative fiscal 2007 sales to 1,389,000.

What is your bet for fiscal year 2008 (October 2007 – September 2008)? Mine is 50 million iPods and 12 million iPhones.

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