Apple reports best earnings ever, ships 6.4 million iPods | iLounge News

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Apple reports best earnings ever, ships 6.4 million iPods

Reporting record fourth quarter and year-end financial results on Tuesday, Apple announced that it shipped more than 6.4 million iPods during the quarter, the 10th consecutive quarter of record iPod sales.

Apple’s net profit for the quarter was $430 million, or 50 cents per share, on $3.68 billion in revenue—the highest quarterly earnings and revenue in the company’s history. These results compare to a profit of $106 million and revenue of $2.35 billion last year. For fiscal 2005, Apple had a net profit of $1.335 billion on revenue of $13.93 billion, representing the highest annual net profit and revenue in the company’s history.

With today’s report of Apple shipping 6,451,000 iPods during the quarter—about 300,000 more than last quarter and approximately 4.4 million more than a year ago—the total number of iPods sold now stands at over 26 million.

In an SEC filing, Apple said all iPod models accounted for more than $1.212 billion in revenue during the quarter, an increase of 126 percent compared to last year. Apple’s “Other Music Products

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Comments

1

...but they still fell BELOW consensus expection, so now the sell-off has begun (however temporary).

Analysts were expect sales of iPods to be between 6.75M and 8.5M for the quarter. Tough crowd.

Posted by flatline response on October 11, 2005 at 5:55 PM (CDT)

2

wow, that’s a lot of iPods.
and you know they’re going to sell at least 10M for the final quarter.

Posted by rene on October 11, 2005 at 6:24 PM (CDT)

3

I was just going to post about the shortfall…it’s always interesting the difference between how a company spins something versus how the trade and investment firms spin it.

http://money.excite.com/ht/nw/bus/20051011/hle_bus-dit174334.html

Posted by bluecow on October 11, 2005 at 6:35 PM (CDT)

4

personally i think those investment companies talk up numbers to inflate share prices and then sell it off for a quick profit.

hats off to apple for making the biggest amount of yearly revenue and profit in its corporate history.

i also believe that the company has one of the best management teams in place for all aspects of the business, “across the board”  compared to any other fortune 500 company.

the next 5 years will be the most exciting!

Posted by steve Davies on October 11, 2005 at 7:49 PM (CDT)

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