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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

Wednesday, July 19, 2006

Apple announces quarterly results

Apple posted some impressive figures for the most recent quarter:

Apple today announced financial results for its fiscal 2006 third quarter ended July 1, 2006. The Company posted revenue of $4.37 billion and a net quarterly profit of $472 million, or $.54 per diluted share. These results compare to revenue of $3.52 billion and a net profit of $320 million, or $.37 per diluted share, in the year-ago quarter. Gross margin was 30.3 percent, up from 29.7 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter’s revenue.

Apple shipped 1,327,000 Macintosh computers and 8,111,000 iPods during the quarter, representing 12 percent growth in Macs and 32 percent growth in iPods over the year-ago quarter.

Is it just me, or did iPod market share fall this quarter? Jobs noted that the iPod represented 75 percent of the market. I thought it was higher than that previously.

Anyway... the analysts weigh in:

CNET:

Revenue was $4.37 billion ... or 54 cents per share ... Analysts surveyed by Thomson First Call had been expecting Apple to report $4.4 billion in revenue and earn 44 cents per share.

Apple sold 8.1 million iPods during the quarter, and Piper Jaffray analyst Gene Munster said in a research report earlier Wednesday that anything over 8 million would be a "slight positive."

TheStreet.com:

Sales were a bit shy.

The company's profit was boosted by lower-than-anticipated component costs, higher-than-anticipated interest and other income, and lower-than-expected taxes due to a gain related to bringing home profit earned overseas, Oppenheimer said on a conference call.

It's hard to quibble with the results. I'm interested in seeing what the overall PC growth rate was for the quarter, but of course Apple would have to see sales rise several hundred percent over the overall PC market to make any headway there.

[ Posted at 7:45 PM | Permalink ]