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Strong iPod, Mac Sales Boost Apple Profits

Authored by Mark Hefflinger on October 19, 2006 - 3:38pm.
Cupertino, Calif. - Buoyed by strong sales of its iPod digital music players and Macintosh computer, Apple on Wednesday posted better-than-expected quarterly results, including a 27% jump in net income. The company said that it sold 8.7 million iPods during the quarter, up 35% from a year ago, and had its best quarter ever in terms of Mac sales, with 1.6 million.

As a result, its net income rose to $546 million from $430 million during the same quarter a year ago, and revenue climbed 32% to $4.84 billion. Both figures eclipsed estimates that the company issued in July.

Related Links:
http://www.apple.com/pr/library/2006/oct/18results.html
tags: Tech | Metrics | iPod | Apple | CE | Investing | Earnings | Stocks | Mac |



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