Apple's Amazing Quarterly Report
Today Apple released it’s 2006 third quarter financial report. Results roundly exceeded analyst expectations. The company posted a quarterly profit of $472m, which works out to 54 cents per diluted share, from a net revenue of $4.37 billion dollars. Billion! Profits are up 47% from a year ago.
iPod sales are still growing, though slower than before: overall, 8,526,000 were sold in this quarter. Sales of desktops are down 14% from the previous quarter, but sales of laptops were up over 60% from the previous quarter. The was 12% growth in overall Macs sales- 1.33 million Macs were sold this quarter.
Here’s a quote from Reuters, quoting Steve Jobs:
“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 Steve Jobs, Apple’s CEO. “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.”
I was surprised to read that international sales accounted for 39% of Apple’s revenue.
Shares of Apple’s stock (AAPL) rose 8% today. They’re down 26% this year, from their all-time high of $85.59 on January 13 of 2006.