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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Coming soon: Everything Must Go

The next edition of "Everything Must Go" will be appearing here soon. --Paul

Wednesday, April 19, 2006

Apple Reports Second Quarter Results

Apple PR:

Apple today announced financial results for its fiscal 2006 second quarter ended April 1, 2006. The Company posted revenue of $4.36 billion and a net quarterly profit of $410 million, or $.47 per diluted share. These results compare to revenue of $3.24 billion and a net profit of $290 million, or $.34 per diluted share, in the year-ago quarter. Gross margin was 29.8 percent, equivalent to the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.

Apple shipped 1,112,000 Macintosh® computers and 8,526,000 iPods during the quarter, representing 4 percent growth in Macs and 61 percent growth in iPods over the year-ago quarter.

Uh-oh.

4 percent growth is pretty bad given Apple's recent gains, and it's likely quite a bit below the industry average for the quarter. A year ago, Apple posted a 43 percent gain in Mac sales for the quarter. What happened? Am I missing something here?

Even the iPod numbers are horrific when compared to last year, when Apple posted a 558 percent increase. Are things leveling off?

[ Posted at 5:36 PM | Permalink ]