Apple reports $565 million net profit
updated 04:30 pm EST, Wed January 18, 2006
Apple reports $565M profit
Apple today reported the highest revenue and earnings in its history. For its fiscal 2006 first quarter ended December 31, 2005, Apple posted a net quarterly profit of $565 million ($.65 per diluted share) on previously announced revenues of $5.75 billion in the 14-week December quarter, beating analyst expectations of $0.61 per share profit. The 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. Gross margin was 27.2 percent, down from 28.5 percent in the year-ago quarter, while international sales accounted for 40 percent of the quarter's revenue. Apple said it 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.
"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."
"We're very pleased to report year-over-year revenue growth of 65 percent and net income that was nearly twice the year-ago level," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second quarter of fiscal 2006, we expect revenue of about $4.3 billion. We expect GAAP earnings per diluted share of about $.38, including an estimated $.04 per share expense impact from non-cash stock-based compensation, translating to non-GAAP EPS of about $.42."
77
01/18, 04:49pm reply
lol, and the stock tanks to 77 in after hours trading. Its never good enough for these traders. :p
Peter Bonte
Fresh-Faced Recruit
Joined: Aug 2001
I've got mail...Yay!
01/18, 04:49pm reply
20 percent growth in Macs
Rezzz
Fresh-Faced Recruit
Joined: Jan 2006
77
01/18, 04:54pm reply
This always happens to Apple stock after reporting record earnings. I took a chance this would happen again and cashed out at $82.
Ganesha
Senior User
Joined: Jul 2002
Re: 77
01/18, 05:03pm reply
ganesha: I did the same thing, looks like ti might be a good time to buy soon again. ;-)
t_hah
Mac Elite
Joined: Dec 2000
77
01/18, 05:11pm reply
I think its going to be 80+ when markets open again tomorrow. Well it better be so because i held on to my stock, i'm not a day trader but tend to keep the stock very long. Normally i forget about it for a few years but this darn Apple stock i keep tracking every f**ng day. Not healthy i say. :)
Peter Bonte
Fresh-Faced Recruit
Joined: Aug 2001
Inflated price
01/18, 05:38pm reply
The price inflated in recent days due to the pre announcement of the revenue figure. Those that bought in to cash on the run always sell after the numbers come out but the stock will bounce back to $85 and higher in a week or two.
Remember all those analysts who said that iPod sales will level off because the market was saturated? I wonder what they are thinking now that the exponential rate of growth continues.
The "Apple is doomed crowd" seem to be slowly disappearing. I think its safe to say that most of us will miss them when they eventually go the way of the Dodo. After all, they have been so entertaining.
beeble
Fresh-Faced Recruit
Joined: Mar 2004
they're done for!
01/18, 05:54pm reply
Zoooh my gawd.
apple is so done for. they have maybe 9 months of cash left, their customers hate them and they can't run windows even.
they are doomed.
freakboy2
Dedicated MacNNer
Joined: Oct 2002
Result of forecasts
01/18, 06:05pm reply
This drop in price is due to bad Intel earnings news and lower than expected forecasts for earning by Apple.
aristotles
Senior User
Joined: Jul 2004
mac sales up
01/18, 06:37pm reply
Mac sales were up even with folks waiting for the intel switch. Wonder how much they'll take off now!
Glasspusher
Fresh-Faced Recruit
Joined: Oct 2000
The stock tanks?
01/18, 06:56pm reply
Wonderful. What an opportunity to get it at bargain price. Watch it go to 100 next month.
LordJohnWhorfin
Fresh-Faced Recruit
Joined: Aug 2002