Apple Beats Quarterly Earnings Expections

Posted: Oct 19 2006, 7:00am CDT | by , Updated: Aug 11 2010, 12:11am CDT, in Other Stuff


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Apple Beats Quarterly Earnings Expections

Apple beat the street with profits up by 27% for the quarter.

Apple posted revenue of $4.84 billion and net quarterly profit of $546 million.
Steve Jobs' company shipped 1,610,000 Macintosh computers and 8,729,000 iPods during the quarter, representing 30% growth in Macs and 35% growth in iPods over the year-ago quarter - amazing growth! There are still people without an iPod.

"This strong quarter caps an extraordinary year for Apple. Selling more than 39 million iPods and 5.3 million Macs while performing an incredibly complex architecture transition is something we are all very proud of," said Steve Jobs, Apple’s CEO. "Looking forward, 2007 is likely to be one of the most exciting new product years in Apple’s history." So stay tuned for lots of new Apple product rumors in 2007. Apple Insider reports that Apple increased the PC market share in the US to 6.1%, according to a new Gartner report.

These preliminary financial results of Apple may be subject to significant adjustment as a result of a likely restatement of historical results (Apple lingering options issue).
More details in this Apple press-release. Will be interesting how Apple's stock is performing today.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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