“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 $2.6 billion in assets, including 700,000 Apple shares. ‘It’s broadening out into computer sales. It’s just not digital music anymore,'” Bloomberg reports.
Full article here.
joe mcconnel.. this is the company that is leading the notebook transition. Stop looking at mac DESKTOP numbers and look at the desktop marketshare.. or you could look at mac computer marketshare.. either way.. mac computer sales are doing fine, all things considered.
Major new Apple retail chain outlets in
New Zealand have not been able to get stock for weeks. In desperation they have even sold off their demo gear. In short the worldwide awareness momentum is happening but zero stock levels is seriously frustrating for both sales staff, let alone missing out on potential new customers that could swell these amazing fourth quarter revenue figures announced today – these channel supply problems need urgent addressing. My congratulations to Steve Jobs and Apple on a fantastic effort.
Great! I just bought 20,000 shares. Hopefully the stock has reached it’s peak for now and I can soon rid myself of some extra cash.
Now please excuse me, I’m going to play with my electric trains. *crash*
Are Micro$oft’s earnings $oft?
With the ability to ship a million iPods a month and a market more than willing to buy them, Apple’s strategy of using AAC (an open standard) and FairPlay DRM instead of WMA is looking good.
There are now more copies of iTunes installed on Windows PCs than on Macintosh Computers. EVERY PC shipped by HP through it’s HP and Compaq brands has iTunes and QuickTime (the engine behind iTunes) installed. Add to that the millions of downloads of iTunes for Windows downloaded and Apple has a critical mass in a fast growing market.
What the analysts, “consultants” and IT “experts” who keep on calling for Apple to open up the iPod to WMA don’t want to admit is that there IS a standard for DRM in Digital Music-and it doesn’t belong to Microsoft. Anyone with a modern Windows PC can join the party with a click on the download button at Apple.com. At current rates by this time next year there will be 15+ million iPods and HP iPods out there- all running AAC/FairPlay.
CROSS PLATFORM
MULTI FORMAT SUPPORT
RAPIDLY GOING WORLDWIDE
Game…Set…Match…
Bush kicked Kerry’s ass tonight!! 4 more years!!!
All rightie then. What a great investment I made. Before the split. Ooooo goodie.
[Look back on this day as the time Apple stopped being a computer company.]
Please buy JC a Mac before they’re all gone!
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I am shocked. iPod sales were that little?
Oh well xMas will be better.
Go Apple Go Go Go Go…
Try and lower your prices, just a fraction. I recently had to replace my ibook HD and if it wasn’t for the warranty it would have set me back $900 (Australian). Even the guy in the Apple Center said i’d be better off buying a third party HD. $900 for a laptop 40gig HD is a bit rich. A good way to start losing customers again. Apple I love you, but $900 is steep.
Here it comes:
http://www.internet-nexus.com/
Buffy…..Very true. But dont rule of the very expensive Media Center…*snicker – sarcasm*
Apple, NOW is the time to give the world on TV a sneek 30-second preview of TIGER, flashing quickly through all the upcoming features and slipping in some of the existing ones.
With this quarters earnings, you can afford it.
Now Jobs can have Lear jet bookends.
I agree with Newmanstein….
ADVERTISE! SHOW THEM TIGER!
C’mon Apple…now is the time…