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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Wednesday, January 17, 2007

Apple profit trounces forecasts, outlook lags

I'm sure this has been widely reported, but:

Apple reported on Wednesday a 78 percent surge in quarterly profit, trouncing Wall Street expectations in a strong holiday season driven by sales of iPod digital music players.

But the forecast for the current quarter lagged analysts' targets and shares of the company, known for its cautious outlook, slipped in after-hours trade.

"The guidance is pretty conservative, more so than what people were expecting," American Technology Research analyst Shaw Wu said. "The iPod business is stronger than most people were expecting."

The numbers:

Apple posted a profit of $1 billion on revenues of $7.1 billion, both records.

Apple ended the quarter with $11.9 billion in cash.

Apple sold 21.066 million iPods (up 50 percent year over year) and 1.606 million Macintosh computers (up 28 percent).

Apple sold 969,000 MacBooks and MacBook Pros in the last quarter, up over 60 percent year over year. The company sold 637,000 desktop machines in the quarter.

Apple's retail stores sold 308,000 Macs (up 60 percent). Apple has 170 stores, mostly in the US. (I haven't seen a figure for iPod sales from Apple Stores.)

Related: Apple PR
Related: Apple Financial Results Conference Call (audio)

[ Posted at 6:12 PM | Permalink ]