“Apple Computer Inc. said fourth- quarter profit surged as sales of iPod music players rose to a record and back-to-school demand drove Macintosh computer shipments. The shares fell after iPod shipments disappointed,” Bloomberg reports. “Net income rose to $430 million, or 50 cents a share, from $106 million, or 13 cents, a year earlier, Cupertino, California-based Apple said today in a statement distributed by PR Newswire. Sales increased 57 percent to $3.68 billion. iPod shipments climbed to 6.45 million, missing analysts’ estimates of 6.75 million to 8.5 million, based on a survey by Bloomberg News.”
“Apple sold 1.24 million Macs, the fourth straight quarter shipments topped 1 million,” Bloomberg reports. “Shares of Apple fell to $46.47 [in after-hours trading]. They earlier rose $1.22 to $51.59 at 4 p.m. in Nasdaq Stock Market composite trading… Including today’s results, Apple has shipped more than 28.2 million iPods since Jobs propelled Apple into the digital music market in October 2001. The company has sold more than 500 million songs through its iTunes online music store.”
Full article here.
After-hours AAPL quote here.
Apple Q4 05 earnings report: best quarter & best year in company history – October 11, 2005