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Apple Profit Quadruples on IPods...

Zim Hosein

Zim Hosein

Super Moderator | Elite Member
Super Moderator
SAN FRANCISCO (Reuters) - Apple Computer Inc. (AAPL.O: Quote, Profile, Research) on Wednesday posted a quarterly profit that blew past even the highest Wall Street forecasts on skyrocketing sales of its iPod digital music players and the highest number of Macintosh computers sold in more than four years.

Shares of Apple, which issued a forecast for the current quarter that was above consensus analyst expectations, jumped 13 percent in after-hours trading.

The rising iPod sales are now clearly translating into higher sales of the company's signature Macintosh computers, a trend that's been dubbed the "halo effect," analysts and Apple Chief Executive Steve Jobs said.

"In selling more than 1 million Macs, we're clearly seeing it," Jobs said in a telephone interview. "We're thrilled."

Apple, based in Cupertino, California, said net income for its fiscal first quarter ended Dec. 25 nearly quintupled to $295 million, or 70 cents a share, from $63 million, or 17 cents a share, a year ago.

That sailed beyond the high end of analysts' expectations, 55 cents, by a wide margin, according to Reuters Estimates, and both net income and revenue set records.
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Apple Profit Quadruples on IPods

<-- Happy shareholder! 😀
 
Originally posted by: ThePresence
99% of movies that has a computer shows an actor using a Mac. I wonder if that translates to sales.
Click to expand...

Why is that? Is it some kind of patent or copyright that they have to do that?
 
Originally posted by: Aimster
Originally posted by: ThePresence
99% of movies that has a computer shows an actor using a Mac. I wonder if that translates to sales.
Click to expand...

Why is that? Is it some kind of patent or copyright that they have to do that?
Click to expand...

I don't know if Apple pays for product placement, or it's just more "artsy". It's just something I've noticed.
 
i figured they'd profit immensely from ipod sales. like 1 of every 4 people on the nyc subways owns one. that's a significant amount.

too bad i never invest... i knew of AOL's expectant popularity when there were only 200,000 members (and it wasn't even called AOL then). it cost $6 an hour, in fact, but it still grew and could have been a really big winner. i should've cashed in and then pulled out when i knew they were going down.
 
Originally posted by: tami
i figured they'd profit immensely from ipod sales. like 1 of every 4 people on the nyc subways owns one. that's a significant amount.

too bad i never invest... i knew of AOL's expectant popularity when there were only 200,000 members (and it wasn't even called AOL then). it cost $6 an hour, in fact, but it still grew and could have been a really big winner. i should've cashed in and then pulled out when i knew they were going down.
Click to expand...

There's joke there... somewhere! 😛

 
Originally posted by: Zim Hosein
Originally posted by: tami
i figured they'd profit immensely from ipod sales. like 1 of every 4 people on the nyc subways owns one. that's a significant amount.

too bad i never invest... i knew of AOL's expectant popularity when there were only 200,000 members (and it wasn't even called AOL then). it cost $6 an hour, in fact, but it still grew and could have been a really big winner. i should've cashed in and then pulled out when i knew they were going down.
Click to expand...

There's joke there... somewhere! 😛
Click to expand...

:thumbsup:😀
 
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