Apple posts highest ever revenue and earnings

Posted:
in General Discussion edited January 2014
Apple on Tuesday reported the highest revenue and earnings for any quarter in the company's history. Apple posted revenue of $3.68 billion and a net quarterly profit of $430 million, or $0.50 per diluted share.



The financial results cover the iPod maker's fourth quarter ended September 24, 2005. These results compare to revenue of $2.35 billion and a net profit of $106 million, or $0.13 per diluted share, in the year-ago quarter.



Apple managed to increase iPod sales by an astonishing 220 percent year-over-year. Apple also sold 48 percent more Macs, despite the impending transition to Intel-based machines, which some analysts felt could hurt sales. Apple shipped 1,236,000 Macintosh units and 6,451,000 iPods during the quarter.



Gross margin was 28.1 percent, up from 27.0 percent in the year-ago quarter. International sales accounted for 40 percent of this quarter's revenue.



For fiscal 2005, the Company generated revenue of $13.93 billion and a net profit of $1.335 billion, reflecting annual growth of 68 percent and 384 percent, respectively, and representing the highest annual revenue and net profit in the Company's history.



"We're thrilled to have concluded the best year in Apple's history, with 68 percent year-over-year revenue growth and 384 percent net profit growth," said Steve Jobs, Apple's CEO. "This is the direct result of our focus on innovation and the immense talent and creativity at Apple. We could not be more excited about the new products we're working on for 2006."



"We're very pleased to report 48 percent year-over-year growth in Mac shipments in Q4, as well as our 10th consecutive quarter of record iPod sales," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first quarter of fiscal 2006 which will span 14 weeks, we expect revenue of about $4.7 billion. We expect GAAP earnings per diluted share of about $.46, including an estimated $.03 per share expense impact from non-cash share-based compensation, translating to non-GAAP EPS of about $.49."

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