Apple reports record earnings, revenues [updated]

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Apple reports record earnings, revenues [updated]

As expected, Apple today announced record financial results for its fiscal 2006 first quarter ended December 31, 2005. Apple’s net profit for the holiday quarter was $565 million, or 65 cents per share, on $5.75 billion in revenue—the highest quarterly earnings and revenue in the company’s history. These results compare to revenue of $3.49 billion and a net profit of $295 million, or 35 cents per share, in the year-ago quarter.

During his keynote speech at Macworld Expo last week, Apple CEO Steve Jobs announced that more than 14 million iPods were sold during the quarter, which represents a 207 percent growth in iPods compared to last year. The total number of iPods sold now stands at over 42 million.

“We are thrilled to report the best quarter in Apple’s history,” said Jobs. “Two highlights of an incredible quarter were selling 14 million iPods and getting ready to launch our new Macs with Intel processors five to six months ahead of expectations. We are working on more wonderful products for 2006, and I can’t wait to see what our customers think of them.”

Update: In an SEC filing, Apple said all iPod models accounted for more than $2.9 billion in revenue during the quarter, an increase of 177 percent compared to last year. Apple’s “Other Music Products” category—which includes the iTunes Music Store, iPod related services and accessories—accounted for $491 million of the quarter’s revenue, a 177 percent increase year-over-year.

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Comments

1

So…. Why are they still trying to make computers when over half of their revenue is from Ipod and ipod related business; and 90% of the people who buy ipods are PC users…? Looks like PC users are their biggest market… Yeah the people with the “boring” Intel cpu’s…. Must be hard to make fun of PC’s yet be dependent on them…

Posted by applemacaddict on January 18, 2006 at 3:41 PM (PDT)

2

if i recall correctly, someone once mentioned that althought the revenue from ipods was high, the profit from the coputers was still greater.

Posted by zip22 on January 18, 2006 at 3:58 PM (PDT)

3

Can you say…OVER VALUED? Can you say…APPLE?

Posted by Talking Madness in Los Angeles on January 19, 2006 at 2:39 AM (PDT)

4

... a great deal of it is due to the increased need to buy chargers for our Ipods!!! Part of their tactics to gain more revenue, by selling their Ipod chargers as accessories…. :(

Posted by dudeboy on January 19, 2006 at 9:45 AM (PDT)

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