Date: Wednesday, January 18th, 2006, 23:37
Stan’s List: Apple has announced financial results for its fiscal 2006 first quarter ended Dec 31, 2005, reporting the highest revenue and earnings in the company’s history.
The Apple posted revenues of $5.75 billion and a net profit of $565 million, or $0.65 per diluted share, in this 14-week quarter. These results compare to revenue of $3.49 billion and a net profit of $295 million, or $.35 per diluted share, in the year-ago quarter.
“We are thrilled to report the best quarter in Apple’s history,” said Steve Jobs, Apple’s CEO. “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.”
Apple shipped 1,254,000 Macs and 14,043,000 iPods during the quarter, representing 20-percent growth in Macs and 207-percent growth in iPods over the year-ago quarter. Gross margin was 27.2 percent, down from 28.5 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.
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