“Buoyed by a surge in sales of both iPods and Macintoshes, Apple Computer on Wednesday reported first-quarter earnings that soared past expectations,” Ina Fried reports for CNET News. “The Mac maker earned $295 million, or 70 cents per share, on revenue of $3.49 billion. That compares with earnings of $63 million, or 17 cents per share, on revenue of $2 billion in the same quarter a year ago.”
Fried reports, “Analysts said that the new $499 Mac Mini should help the company convert many of those iPod buyers into Mac users. ‘We believe the Mac Mini will increase the percentage of iPod-toting Windows users who purchase a Mac by almost threefold,’ Needham analyst Charles Wolf said in a research note ahead of Wednesday’s earnings report. Mac sales rose significantly last quarter. The company sold 1,046,000 Macs, up 26 percent from last year. Analysts have been projecting a rise for the computer industry as a whole of about 10 percent, meaning Apple gained significant share during the quarter.”
“Sales of the iMac were particularly strong, as Apple redesigned the product around a G5 processor. The product accounted for $620 million in revenue, up 187 percent from iMac sales in the prior quarter and up 147 percent from a year ago. iBook sales were also up in the quarter, but sales of the Power Mac and PowerBook were down from a year ago,” Fried reports. “The company’s forecast for the coming quarter also was higher than prior analyst predictions. Apple projected revenue of about $2.9 billion and earnings per share of about 40 cents. Analysts had been looking for revenue of $2.75 billion and earnings of 33 cents per share.”
Full article here.
MacDailyNews Take: No iPod Halo Effect, eh? Glad we’re not WindowsDailyNews for more reasons than one.
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