Apple's Profit Quadruples, Thanks to IPod
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Apple Computer said that profit in its first quarter more than quadrupled - its biggest increase ever - on strong holiday sales of its iPod music player.
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Apple reported strong earnings for its fourth quarter on Monday, boosted by record Macintosh computer sales and the shipment of 1.12 million iPhones.
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Apple Computer Inc. stock jumped to a four-year high yesterday after a major Wall Street firm nearly doubled its price target on the stock, saying that customer satisfaction with its iPod music player is creating &quot;wildfire word-of-mouth marketing&quot; for its Mac computers and other products.
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Apple Inc.  on Wednesday  said its quarterly profit rose 73 percent from a year earlier,  zooming past expectations on strong Macintosh computer sales  and helping to send its shares up nearly 10 percent.
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news analysis Apple's Mac sales are up, but it's hard to say how much the ubiquitous iPod has helped.
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Apple Computer Inc. shares rose to a four-year high, erasing the slump triggered September 2000 by a disappointing profit forecast, as demand for the iPod digital music player surges before the year-end holiday shopping season.
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There's more to gain than lose from the upcoming iPhone.
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Apple Computer Inc.'s first-quarter earnings more than quadrupled, dramatically exceeding Wall Street expectations, based on strong holiday sales of laptop computers and its wildly popular iPod music players.
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Apple Computer Inc. AAPL.O on  Wednesday reported its quarterly profit more than doubled as it  sold more than 2 million iPod digital music players and said  results for the current quarter would top Wall Street  estimates.
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Apple announced first quarter financial results, with revenue of $7.1 billion and a net profit of $1.0 billion, or $1.14 per diluted share. These results compare to revenue of $5.7 billion and a net profit of $565 million, or $.65 per diluted share, in the year-ago quarter. Gross margin was 31.2%, up from 27.2% a year ago. International sales accounted for 42% of revenue. .
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The iPod helped Apple's profit get up and dance. Apple Computer Inc. reported Wednesday that net income for its fourth fiscal quarter jumped 140 percent from the same period a year ago. -The Washington Post
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Apple on Monday reported a $904 million profit or $1.01 per diluted share on revenue of $6.22 billion for its fiscal fourth quarter. The quarter was strengthened by record Mac sales as well as high iPod and iPhone sales.
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Wall Street apparently has rewarded Apple (Nasdaq: AAPL), both for its fiscal 2004 fourth-quarter numbers and for its latest iPod and iTunes offerings: Apple's share price as of midday Thursday is just over US&#36;50, its highest price in four years, and almost &#36;12 higher than its average share price the previous month.
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Apple Computer reports a 50% jump in fourth quarter profit, driven by strong demand for its iPod music player.
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Apple Computer Inc.'s fourth quarter earnings soared on strong sales of laptop computers and its popular iPod music players, helping the company notch its highest revenue for the quarter in nine years.
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Apple Computer Inc. shares rose as much as 6.5 percent after the company said fourth-quarter net income more than doubled on surging demand for iPods and forecast profit and sales this quarter that will beat analysts&#39; estimates.
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Apple Inc. reported Tuesday its best quarter ever as profits soared to 1.58 billion dollars in the last three months of 2007 on demand for its Macintosh computers, iPhones and iPods.