Apple announces Q2 financial results
Apple announces Q2 financial results
Apple has 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.
MarketWatch reports "The revenue total fell short of Wall Street expectations of $4.54 billion. Still, Apple shares rose by $3, or more than 4%, to $68.64 in evening trading after the results were released."
The company's CEO Peter Oppenheimer -- quoted by MarketWatch also Apple had seen some delays in purchases due to the Intel transition.
"As we anticipated, this pause was even more evident during the March quarter," Oppenheimer said, adding that the company only began shipping its Intel-based Mac Book Pro laptop PC in late February.
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