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Steve Jobs picks up his Apple once again

Contributed by: Martinas B.
Date: 23 Oct, 2007

Steve Jobs and his gang truly deserve a round of applause yet again as Apple Inc. (AAPL) Q4 results surpassed analysts’ expectations.

Shares of Apple Inc. soared more than five per cent in extended trading yesterday following an announcement of fiscal fourth-quarter profits that hurdled 67 per cent.

For the three months that ended Sept. 30, Apple revealed Monday it earned $904 million, or $1.01 per share, compared with $542 million, or 62 cents per share, in the year-ago quarter.

Apple was far ahead of analysts' projection polled by Thomson Financial, who predicted earnings per share of 86 cents on sales of $6.07 billion.

Revenue totalled $6.22 billion, compared with $4.84 billion in the same quarter last year.

Apple's stock price, which has more than doubled since January, rose $3.94, or 2.3 per cent, to close at $174.36. After the earnings report, shares climbed about $12, almost seven per cent, in extended trading.

The company sold a record 2.16 million Macs during the back-to-school shopping season and shipped 10.2 million iPod media players after the company released updated models.

Top Heads of Apple Inc. (AAPL)

Name	Age	Position
Peter Oppenheimer	44	Chief Financial Officer, Principal Accounting Officer, Sr. VP of Fin. and Corp. Controller
Philip W. Schiller	46	Sr. VP of Worldwide Product Marketing
Ronald B. Johnson	48	Sr. VP of Retail
Steve P. Jobs	51	Co-founder, Chief Exec. Officer
Timothy D. Cook	46	Chief Operating Officer