Apple announces another record profit / Blows past estimates
Posted by Dr. Macenstein
Apple posted their 2005 4th Quarter earnings today.
The company posted a net quarterly profit of $430 million on revenue of $3.68 billion. This works out to $.50 per diluted share, up from $.13 per diluted share a year ago. Back in July, Apple forecast earnings of 32 cents per share. Analysts were expecting around 37 cents a share.
Apple shipped 6,451,00 iPods (up 220% year over year) and 1,236,000 Macintosh units (up 48% year over year) this quarter.
From the conference call: We’re thrilled to have concluded the best year in Apple’s history, with 68 percent year-over-year revenue growth and 384 percent net profit growth,” said Steve Jobs, Apple’s CEO. “This is the direct result of our focus on innovation and the immense talent and creativity at Apple. We could not be more excited about the new products we’re working on for 2006.”
“We’re very pleased to report 48 percent year-over-year growth in Mac shipments in Q4, as well as our 10th consecutive quarter of record iPod sales,” said Peter Oppenheimer, Apple’s CFO.”
