“Apple Computer Inc. on Wednesday posted a 48 percent jump in quarterly net income as sales of iPods and Intel Corp.-powered Macintosh computers topped expectations, sending shares [over] 8 percent higher,” Duncan Martell reports for Reuters.
“Apple said it shipped 1.33 million Macintosh computers in the quarter and 8.11 million iPods, increases of 12 percent and 32 percent, respectively, year over year. iPod shipments topped some analysts’ estimates of as low as 7.5 million for the period,” Martell reports. “Peter Oppenheimer, Apple’s chief financial officer, said in an interview that the company had a ‘fantastic quarter,’ adding that its share of the U.S. retail notebook market had doubled to 12 percent as measured by units in June from January.”
“‘Apple looked good,’ said Jane Snorek, technology analyst with First American Funds. ‘The PC numbers were great, too,'” Martell reports. “‘The results for the quarter were very solid, above people’s expectations,’ said analyst Shannon Cross of Cross Research.”
Martell reports, “For the current quarter, Apple forecast earnings per share of 46 cents to 48 cents, on revenue of $4.5 billion to $4.6 billion. Analysts currently expect Cupertino, California-based Apple to earn 51 cents per share, on average, within a range of 43 cents to 60 cents, on revenue of $4.89 billion.”
Full article here.
MacDailyNews Note: That’s “twelve percent,” not “one-point-two percent.”
Apple Q3 2006 Conference Call notes – July 19, 2006
Apple reports third quarter results: $0.54 per share on $4.37 billion in revenue – July 19, 2006