“Apple Computer Inc.’s fourth-quarter profit more than doubled, beating analysts’ estimates, as surging sales of iPod digital music players drove revenue to its highest for the period in nine years,” Bloomberg reports. “Net income rose to $106 million, or 26 cents a share, from $44 million, or 12 cents, a year earlier, Cupertino, California- based Apple said in a statement. Sales rose 37 percent to $2.35 billion. IPod shipments increased fivefold to 2.02 million.”
“Sales and profit this quarter will also beat analysts’ expectations as consumers snap up iPods and iMac computers for the holiday season, Apple said. Demand for the iPod music player, unveiled by Chief Executive Steve Jobs in October 2001, helped Apple become the third-best performing stock in the Standard & Poor’s 500 Index this year,” Bloomberg reports. “‘It’s shocking. I’m shocked, even being a bull,’ said Gene Munster, an analyst at Piper Jaffray & Co. in Minneapolis. He rates the shares ‘outperform’ and said he doesn’t own them. ‘Now I wish I had been even more bullish.'”
“‘The iPod is getting more and more people into their brands,’ said Louis Navellier of Navellier & Associates in Reno, Nevada, before the report. The firm has $2.6 billion in assets, including 700,000 Apple shares. ‘It’s broadening out into computer sales. It’s just not digital music anymore,'” Bloomberg reports.
Full article here.
I’m first!
And I’m shocked!
Where’s the Motley Fools now? Puckin Futz!
I had told more than couple of people to buy Apple when it was so low. They ignored me. I wish that I myself had had more to invest in it. It was blatantly obvious to me that Apple was going to go up substantially, though recent days have been more than even I had expected.
And now…
….Apple has momentum.
“It’s shocking, I’m shocked”
In future quotes, Gene will be demonstrating the English language in all its glory by conjugating every form of the variant of the word shocked, using it both as a verb and as an adjective as well in every tense.
Its happening, its been happening, but now the rest of the world is taking notice.
The next quarter will be even more amazing. Full HPod sales (not just a month) plus increasing iMac G5 sales (not just a month) – hopefully with IBM getting the processors to Apple in larger quantities plus new iTMS stores in Europe. (Apple said more stores by the end of the month.) Plus new products… they hinted at that at conference call.
They also reiterated that they are not interested in the below $800 market for CPUs. So forget about a headless iMacs and cheaper eMacs. (The eMac continues to sell strongly, by the way).
moiety5.. amazing
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“From here on, it’s war,” said Rob Enderle, an analyst with the Enderle Group in San Jose, California.
Will he just shut up for once?
go… go… apple
as a long time mac user, i have already bought 2 ipods over the years as gifts.
i am finally getting one for myself in the next week or so.
i probably buy two more ipod (minis) as xmas gift in december.
: )
Apple is the new Sony.
This must be the demise of Apple that was predicted all along. Apple is doing so bad by not competing with two-dollar PCs.
Everyone who wrote off Apple in the past can start eating their words.
Apple is going out of business any day now. I just know it.
Buy Gateway Stock!
See, I told you if Apple didn’t open the iPod they’d face a backlash from consumers. Only two million iPods per quarter. If the public knew they could purchase downloads from my service Apple could have easily sold two million and six iPods. Jobs is so stupid.
Steve – PLEASE open the iPod – I don’t want to be poor.
I bought Apple 18 months ago at about $14 because it was undervalued. The analysts decided it was a good buy when it hit $22, but then called it overpriced at $35 because the P/E ratio was so much higher than Dell. Today at $41.50 the P/E ratio matches Dell. So much for analyst wisdom (“What can this rock teach us about investing?” – silliness).
In the long term, Unix/Linux variants are the basis of every currently viable operating system except Microsoft. (Do you think Bill has painted himself into a corner?) Apple has the best Unix GUI in existence. Time is on Apple’s side. I’m in it for the long haul now.
“From here on, it’s war,” said Rob Enderle, an analyst with the Enderle Group in San Jose, California.
“From here on, it’s war,” said Saddam Hussein (February 1991).
“From here on, it’s war,” said Admiral Yamamoto (June 1942).
��From here on, it’s war,” said General Bonaparte (June 1815).
“From here on, it’s war,” said Admiral Villeneuve, (October 1805).
Clearly, this is just a warm Indian Summer before the next winter of M$ dominance. I hope Apple has their IP protected, as M$ is again taking the path of sneaking up on the innovators, this time by bulking up their patent portfolio (heard they’re trying to patent eye blinking). M$ can’t innovate, but are looking for a way to copy and sell low quality swill to the masses again…I hope folks won’t fall for it again.
“From here on, it’s war”—- Hah! That’s a good one. What was it up until now? A police action? Skirmish? Tussle? Ohh, that big strong Ron Enderle has me so excited! When does he find such stirring quotes? When he’s rebooting?
1: But Microsoft will own it all eventually.
2: Apple will enjoy the “first new product” and then cheaper alternatives will rule.
ahh lets see what else is there… I forget them.
oh yea
3: The RIAA will force Apple to license it’s DRM and then this will level the playing field.
4: In Soviet Russia – iPods own you.
ha screw it, it’s just too good to get negative.
GO APPLE!
share price is a wonderful thing. Look back on this day as the time Apple stopped being a computer company.
Why? Is the iPod not really a small handheld computer that holds data (and not just music either)? Just because they don’t sell low end junk computers doesn’t mean they aren’t a computer company. They still are and always will be.
Funny thing is iPods cost about as must as many Windblows PCs. And it comes with a screen
Joe:
Tens years later and no Longhorn. Would you also conclude that Microsoft has stopped being a software company?
Great news, though I’m a little concerned at the decline in CPU sales. I know that’s partially due to the constrained G5 supply, but I’d have though the “halo effect” would have kicked in with the G4 products by now …
Steve Jobs…; Good job!!