Latest (all topics)
Top stories
Hardware
All-in-One printer
Apple Mac
Audio
Backup
Book
Broadband
Camcorder
CD drive
Desktop PC
Digital camera
DVD drive
Gaming
Graphics card
Hard disk
Input device
Laptop
LCD
Mobile phone
Modem
Monitor
Motherboard
Multimedia
Networking
PDA
Printer
Processor
Projector
Scanner
Server
Tuning
UPS
Video
Web camera
Whiteboard
Miscellaneous
Software
Apple Mac
Audio
Backup
Business
Developer
Educational
Game
Graphics
Internet
Linux
Networking
Operating System
PDA
Security
Server
Utilities
Miscellaneous
 
Apple Reports Second Quarter Results

Apple® today announced financial results for its fiscal 2006 second quarter ended April 1, 2006. The Company posted revenue of $4.36 billion and a net quarterly profit of $410 million, or $.47 per diluted share. These results compare to revenue of $3.24 billion and a net profit of $290 million, or $.34 per diluted share, in the year-ago quarter. Gross margin was 29.8 percent, equivalent to the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.

Apple shipped 1,112,000 Macintosh® computers and 8,526,000 iPods during the quarter, representing 4 percent growth in Macs and 61 percent growth in iPods over the year-ago quarter.

“We’ve generated over $10 billion in revenue and almost $1 billion in earnings in the first half of fiscal 2006,” said Steve Jobs, Apple’s CEO. “Our transition to Intel processors is going very well, and our music business just experienced another quarter of outstanding growth.”

“We’re very pleased to report the second highest quarterly sales in Apple’s history, resulting in year-over-year revenue growth of 34 percent and earnings growth of 41 percent,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the third quarter of fiscal 2006, we expect revenue of about $4.2 to $4.4 billion. We expect GAAP earnings per diluted share of about $.39 to $.43, including an estimated $.04 per share expense impact from non-cash stock-based compensation, translating to non-GAAP EPS of about $.43 to $.47.”

Apple will provide live streaming of its Q2 2006 financial results conference call utilising QuickTime®, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 10:00 p.m. BST on Wednesday, April 19, 2006 at http://www.apple.com/quicktime/qtv/earningsq206/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at http://www.apple.com/quicktime.

This press release contains forward-looking statements about the Company’s estimated revenue and earnings per share as well as the estimated expense impact of non-cash stock-based compensation for the third quarter of fiscal 2006. These statements involve risks and uncertainties and actual results may differ. Potential risks and uncertainties include continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company’s reaction to them may have on consumer and business buying decisions with respect to the Company’s products; the ability of the Company to make timely delivery of new programs, products and successful technological innovations to the marketplace; the continued availability on acceptable terms of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources including G4 and G5 microprocessors; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements, and reduced end-user purchases relative to expectations; possible disruption in commercial activity as a result of natural disasters or major health concerns including epidemics; risks associated with the Company’s retail initiative including significant investment cost, uncertain consumer acceptance and potential impact on existing reseller relationships; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s reliance on the availability of third-party digital content; the ability of the Company to successfully evolve its operating system; the ability of the Company to make timely delivery of new products with Intel microprocessors and related hardware and software technological changes and innovations to support Intel microprocessors; the development and availability on acceptable terms of components and services essential to enable the Company to deliver products based on Intel microprocessors in a timely manner; the Company's dependency on third-party software developers to timely develop future applications that support Intel microprocessors and Power PC microprocessors; and the potential negative ramifications of the transition of all Macs to Intel microprocessors by the end of calendar 2006, or the announcement of such planned transition, for sales of current or future Mac products with Power PC processors as well as for the Company’s obligations under component purchase agreements. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 24, 2005, the Company’s Form 10-Q for the quarter ended December 31, 2005, and the Company’s Form 10-Q for the quarter ended April 1, 2006 to be filed with the SEC. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning desktop and notebook computers, OS X operating system, and iLife and professional applications. Apple is also spearheading the digital music revolution with its iPod portable music players and iTunes online music store.




BIOS, Apr 20, 06 | Print | Send | Comments (0) | Posted In Apple Mac
Related Articles

AMCC's Stylish SATA II RAID Solution For Macs
Why Mac Users Choose Macs Over PCs
Apple Unveils New Line Of MacBooks
World's First Dual Digital TV Tuner For Mac
Keep Your MacBook Scratch Free
Apple Introduces New iPod Nano
Apple iPod Shuffle Gets Upgraded
Apple Introduces New iPod
Watch Digital TV On Your MacBook Pro
Apple iMacs Get Intel Core 2 Duo Processors

More...
   
     
© 2007 Black Letter Publishing Ltd. - Disclaimer - Terms - About - Contact - Advertise - Newsletter

Hosted By Gradwell - Powered By Eclipse Internet - Sponsored By Ipswitch & Microboards DVD Duplicators