Apple Profit Quadruples on IPods...

[Zim Hosein]

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.

Apple Profit Quadruples on IPods

<-- Happy shareholder!

 

[RaDragon]

lol congrats?

 

[Nikamichi]

Zim, when can I come over and help you spend your earnings?

:evil:

 

[UlricT]

good for them... the cheap stuff they are bringing out should help too...

 

[ThePresence]

99% of movies that has a computer shows an actor using a Mac. I wonder if that translates to sales.

 

[Zim Hosein]

Originally posted by: Nikamichi
Zim, when can I come over and help you spend your earnings?

:evil:

See you at 10PM Nikamichi! :heart:

 

[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.

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

 

[Klandestine]

if only a poor college student had funds to invest...

 

[ThePresence]

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.

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

I don't know if Apple pays for product placement, or it's just more "artsy". It's just something I've noticed.

 

[Nikamichi]

Originally posted by: Zim Hosein

Originally posted by: Nikamichi
Zim, when can I come over and help you spend your earnings?

:evil:

See you at 10PM Nikamichi! :heart:

Excellent! :heart:


/slicks back hair and pops a Mentos

 

[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.

 

[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.

There's joke there... somewhere!

 

[Nikamichi]

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.

There's joke there... somewhere!

:thumbsup: