“Apple Computer Inc. on Wednesday posted a 41 percent increase in quarterly profit that beat Wall Street targets and said sales of its highly successful iPod digital music player topped 8.5 million,” Duncan Martell reports for Reuters. “Apple also issued a forecast that was below current expectations, but its shares rose nearly 5 percent as analysts said that the company was being conservative, some investors were covering short positions and that its gross profit margin was strong.”
“Apple, also the maker of Macintosh computers, said net income for its second fiscal quarter ended April 1 rose to $410 million, or 47 cents per share, from $290 million, or 34 cents per share, in the year ago period. Revenue rose 34 percent to $4.36 billion from $3.24 billion,” Martell reports. “Analysts had expected a net profit of 42 cents per share and a profit of 43 cents per share before items, on average, on revenue of $4.50 billion, according to Reuters Estimates.”
“For the current quarter, Apple said it expects earnings per share in a range of 39 cents to 43 cents on revenue of $4.2 billion to $4.4 billion. Analysts currently expect earnings per share of 47 cents, on average, on revenue of $4.72 billion. ‘They exceeded what they guided to pretty significantly,’ said Shannon Cross, analyst at Cross Research. ‘I would imagine they are going to do that again next quarter, which most people expect will be the low’ during the transition to Intel Corp. microchips,” Martell reports.
Full article here.
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Dumbass ANALysts predicted death for Apple this quarter too, except one smart guy that said it would be their 2nd highest Q ever.
Those guys make lawyers look good.
SB
Does anyone else find it a little ironic that the article states, “Apple, also the maker of Macintosh computers…”
APPLE IS DYING!
Not.
Revenue rose 34 percent
OMG. What is this, Apple.com? =)
Most businesses today would kill for numbers like that.
And to think the big fun is coming this fall. We ain’t seen nothing yet!
yes, i was about to copy and paste that same quote about also making macintoshes. amazing.
The fun is coming this quarter as we get to see the Boot Camp effect and the new 17″ Mac Book Pros. If Mac sales don’t at least double the overall computer market this quarter then I expect the market to be HIGHLY disappointed.
Yeah, I also notice the “…also makers of Macintosh…”
It comes out of the lead that mentions iPod.
Artistic license, I guess, but I’d put it like, “makers of Macintosh computers and iPod digital music players..”
Of note though, is that iPod is 39 percent of revenue (or is it profit?).
That’s getting to be a hefty chunk.
Mac sales need to keep moving.
Good catch Crazy MAma, I saw that too.
MDNMW – special • “Well isn’t that special…”
We should also get to see the iBook replacement this quarter.
Personally I’m looking forward to the next generation release of the iMac, probably in the fall. The iMac case that they’re using now is as small as they could have possibly made it givin the internals of the G5 systems. I’ve seen the inside of the Intel iMac, and it’s mostly empty space. The next version is going to be SO F’ING SEXY!
CrazyMomma i was just thinking the same thing. Hilarious isn’t it?
When the new Mac era unfolds over the next year, people will stop saying that Apple is the maker of the iPods and Macs are an afterthought.
This coming quarter:
The Apple flux capacitor, now with pine scent.
Margaret, call my broker!
“‘I would imagine they are going to do that again next quarter, which most people expect will be the low’ during the transition to Intel Corp. microchips, Martell reports.”
What??? This will be Apple’s low quarter during 2006.
Yeah Cubert,
that surprised me as well.
I think it’s well off.
Indications are that the sales of Core Duo Macs have accelerated since the news of Boot Camp was released, and the biggest seller (MacBook) is yet to come.