The Mac Observer

Skip navigational links

Featured Article: TMO Announcement - The Mac Observer Promotes Jeff Gamet to Managing Editor

Apple Posts $4.37 Billion Revenue, 8.1 Million iPods Sold [UPDATED]

by , 4:45 PM EDT, July 19th, 2006

Apple on Wednesday said that it earned profit of US$472 million, or $0.54 per share, on $4.37 billion in revenue for the previous fiscal quarter. The company also said that it sold 8.1 million iPods and 1.327 million Macs, numbers that were up 32% and 12%, respectively, from the year-ago quarter. The quarter ended July 1 was the third of its 2006 fiscal year.

Apple's revenue and earnings constituted the second highest in its history. In the year-ago quarter, Apple's revenue was $3.52 billion and net profit was $320 million, or $0.37 per share. Gross margins in the past quarter were 30.3%, up from 29.7% in the year-ago quarter. Apple also noted that international sales were 39% of its revenue last quarter.

As of 5:07 PM EST in after-hours trading, Apple's stock was selling for $58.33, up $4.23, or 7.82%. It closed the regular trading day at $54.10, up $1.20, or 2.27%.

"We're thrilled with the growth of our Mac business, and especially that over 75 percent of the Macs sold during the quarter used Intel processors. This is the smoothest and most successful transition that any of us have ever experienced, " said Apple CEO Steve Jobs said in a press release. "In addition, iPod continued to earn a US market share of over 75 percent and we are extremely excited about future iPod products in our pipeline."

Apple CFO Peter Oppenheimer said in the same press release that the company expects $4.5 to $4.6 billion in revenue for the current quarter, which will conclude at the end of September. Earnings will be $0.46 to $0.48, which he said will include $0.03 expense from non-cash stock-based compensation.

Apple also used its announcement to address the internal investigation into certain stock option grants between 1997 and 2001, including one made to Mr. Jobs. The company said: "At this time, based upon the irregularities identified to date, management does not anticipate any material adjustment to the financial results included in this earnings release. However, if additional irregularities are identified by the independent investigation, a material adjustment to the financial information could be required." Most analysts expect minimal, if any, financial impact from the investigation.

TMO will be covering the company's 5:00 PM EST earnings call and will provide more color from analysts' and executives' comments.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:jimothy Posts: 581 Joined: 04 Jun 2004
Subject: percent increases

"The company also said that it sold 8.1 million iPods and 1.327 million Macs, numbers that were up 12% and 32%, respectively, from the year-ago quarter."

According to the figures reported elsewhere, TMO has those numbers backwards: It was a 12% increase in Mac sales, and a 32% increase in iPod sales.

Edit: Looks like TMO fixed this.

Close Name:BradC -   TMO Staff Posts: 80 Joined: 29 Apr 2005
Subject:

Yes, I fixed it. Who else would have?

Thanks for pointing it out. That's what happens in the rush to get an article up in a timely fashion.

Comment on this Article


You cannot edit your comments.   You cannot delete your comments.
Log in | Register | Having Problems? Reset TMO Cookies & Try Again
Username:   Password:   Log me on automatically each visit   

You are not logged in, and this post will appear as "Guest." Log in with your username and password from the TMO forums. If you do not have a username, you can register here.
Please note that guests are limited to including a maximum of two URLs per post.


Post A Comment
  Subject


  Your Comments



Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.


Recent Headlines - Updated Friday, July 4th, 2008

Fri., 7:30 AM
Happy Fourth of July!
Thu., 4:50 PM
Apple Slashes $400 from SSD Drive in MacBook Air
4:05 PM
It's Official - Firefox Sets Guinness Record for Downloads
3:30 PM
Apple Files Patent for a Multi-touch Gesture Language
2:20 PM
Editorial - Mac's Market Share and the Cascade Failure of Windows
1:35 PM
iPodObserver - Apple Slurps Up Samsung's NAND Flash for iPhone 3G
1:05 PM
WSJ: Tips for Switching from Windows to Mac
12:05 PM
iPodObserver - Google Intros Google Talk for iPhone
11:35 AM
iPO Just a Thought - iPod nano Versus iPhone: Decisons, Decisions...
10:55 AM
YouTube Ordered to Turn Over All User Records to Viacom
10:10 AM
Hot Forum Topic - Apple vs. Cell Carriers: Who's Winning the Game
9:25 AM
iPodObserver - Rumor: Best Buy, Radio Shack to Sell iPhone 3G
8:45 AM
.Mac Bookmark Sync Deadline Extended to July 6
8:10 AM
Adobe Reader 9 Hits the Streets
 

The Mac Observer Reader Specials

  • Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
  • OWC: NewerTech miniStack FireWire/USB 2.0 HD & Hub Up to 1.0TB of Performance Storage + FW/USB2 Powered Hubs - convenient & sleek 6.5" x 6.5" x 1.5" Featured: 500GB $169.99; 750GB $209.99; 1.0TB $339.99
  • MacPro Memory 667Mhz With Apple Spec Heat Sink 2GB $90 / 4GB $134 / 8GB $264. Click to Maximize your Macs...
  • Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.
  • RamJet Memory: MacBook 1Gig $39, 2Gig $78, 4Gig $195! Mac Pro 2Gig $115, 4Gig $189! 500G Seagate SATA II $139! Click here
  • For the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.

  • Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.
  • Special Report: WWDC 2008
  • Special Report: iPhone
  • __________
  • Help TMO Grow
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!
  • New Media Expo 2008

Apple Stock Quote

  • AAPL: $170.12. Change Today: +1.94.
  • (Prices delayed up to 20 minutes.)
  • Discuss in our Apple Finance Board

Hot Topics

Top Deals From DealsOnTheWeb