Apple earnings sail past expectations

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More than blown away

From http://www.appleturns.com/

Apple just reported a Q1 profit of $295 million-- over 40 percent better than the analyst consensus-- on revenue of a whopping $3.49 billion. Folks, that's not just better than anyone expected; that's better than Apple has ever done in a single quarter. Ever. For both profit and revenue.

Apple sold over a million Macs last quarter-- the most in four years. Apple's pro Mac sales may have dipped a bit, but 35 percent higher iBook sales and a year-over-year doubling of iMac and eMac shipments plenty makes up for that. Over 4.5 million iPods shipped, representing $1.2 billion in revenue and a 525 percent increase from the year-ago quarter. Meanwhile, retail remains busy and profitable, education sales were Apple's "strongest in 7 years," and the company now has about $6.5 billion in cash to whip out should the need arise.

Posted by: tic swayback   Posted on: 01/13/05 You are currently: a Guest | Members login | Terms of Use

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