Mac, iPod sales bring Apple record earnings
- 13 April, 2005 21:53
Apple Computer Inc. on Wednesday reported record quarterly earnings and revenue on significant increases in Macintosh computer and iPod digital media player shipments.
The Cupertino, California-based company posted a net profit of US$290 million, or $0.34 per share for its fiscal 2005 second quarter, which ended March 26. That compares with earnings of $46 million, or $0.06 per share, in the year-earlier period, the company said in a statement.
In the second quarter, Apple shipped 1.07 million Macintosh computers and 5.31 million iPod players, it said. That's up 43 percent year-on-year in computer shipments and up 558 percent on the iPods, according to Apple.
Revenue for the quarter hit $3.24 billion, up 70 percent from $1.9 billion in the year-ago quarter. International sales accounted for 40 percent of Apple's revenue in the quarter, the company said.
The results are records in both earnings and revenue, Apple Chief Executive Officer Steve Jobs said in the statement.
Apple's results beat Wall Street expectations. Analysts had forecast $0.24 in earnings per share on $3.21 billion in revenue, according to a consensus estimate from Thomson First Call.
Apple is optimistic about the future, with new products in the pipeline for the coming year, starting with an update to its Macintosh operating system that is to be released later this month. The company predicted revenue of $3.25 billion and earnings per share of about $0.28 for its current third quarter.