“Apple Computer said Wednesday that strong sales of its Macintosh computers and iPod portable music players led to a 27 percent rise in its fiscal fourth-quarter profit,” Laurie J. Flynn reports for The New York Times.
“The results, released after the market closed, caused Apple’s shares to jump as much as 6 percent in late trading as the company surpassed Wall Street forecasts,” Flynn reports.
“Apple said a brisk back-to-school season was a major force behind the better-than-expected results,” Flynn reports. “The company, which is based in Cupertino, Calif., reported net income of $546 million, or 62 cents a share, in the quarter, up from $430 million, or 50 cents a share, a year earlier. Revenue was $4.84 billion, an increase of nearly 32 percent from $3.68 billion the year before.”
“Macintosh sales accounted for 58 percent of revenue in the quarter, spurred in part by the new school season’s huge demand for notebook computers, the company said,” Flynn reports. “In a conference call with analysts, the chief financial officer, Peter Oppenheimer, spoke of ‘the best Mac shipments by far in any quarter in Apple’s history.’ The company said it shipped 1.6 million Macintosh computers, up 30 percent from a year earlier. Revenue from desktop and portable Macs increased 37 percent, to $2.2 billion.”
“The company sold 8.7 million iPods in the quarter, for $1.56 billion in revenue, an increase from 6.5 million iPods and $1.21 billion in revenue a year earlier,” Flynn reports. “This quarter, Mr. Oppenheimer said, Apple is forecasting revenue of $6 billion to $6.2 billion and earnings of 70 cents to 73 cents a share.”
Full article here.
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