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.

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    Almost as amazing as its new features is the way Lion is acquired and installed. No longer is a trip to the store to purchase a boxed version of the OS required. Users running Mac OS X 10.6.8 with compatible Intel Macs can download Lion from the convenience of their homes and offices through the Mac App Store. What many are already referring to as the simplest install of OS X ever, Lion can be installed and configured with just a few clicks. Phil Schiller, Apple’s senior vice president of Worldwide Product Marketing contributed the following on Lion’s release and the ease of its install:

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    Mac OS X 10.7 Lion is now available on the Mac App Store, and retails for $29.99. To ensure your Mac is compatible and ready to upgrade, click here.

    To purchase Lion, click here. (opens the Mac App Store)

    System Requirements:

    • Intel-based Mac with a Core 2 Duo, i3, 15, i7 or Xeon processor
    • Mac OS X 10.6.8 Snow Leopard
    • 2GB of RAM
    • 4GB available hard drive space