“It’s hard not to like Apple Computer. Even as companies such as Dell Computer and Hewlett-Packard lapped Apple in personal-computer sales, Apple always had style. Sure, its machines went unloved for quite a while, but they looked like art and packed a powerful wallop. That’s why it’s great to see that the market has rewarded Apple’s penchant for quality — even if it is the result of the iPod revolution,” Rick Aristotle Munarriz writes for The Motley Fool. “Apple’s sales soared by 75% this past quarter. Earnings per share? Up a staggering 363%.”
It’s an “amazing story, in which a country’s fascination with a digital music device has renewed the consumer’s appetite for all things Apple,” Munarriz writes. “Enthusiasts of Apple may argue that the public would have been enamored with the latest line of Macintosh computers anyway. But let’s be honest: Mac unit sales rose by 35%, but a lot of that street cred comes from also selling 6 million more iPods this past quarter.”
Munarriz writes, “The company’s guidance for the current quarter suggests flat to weakening sequential performance during the current quarter. That shouldn’t be alarming. It’s coming on the heels of a blowout quarter. Plus, if you can keep a secret, Apple’s been getting into this habit of putting out lowball targets lately. I’d be shocked if the company isn’t able to obliterate its latest batch of projection posturing, just as it has over the past few quarters.”
Full article here.
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Apple smashes street with record revenue, earnings; shipped 6.155 million iPods – July 13, 2005