Apple Distributor's Profit Rises; Earnings Up for Apple Seller
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By ALLEN, Sue  Renaissance Corporation has posted a record annual profit, but says a squeeze on earnings margins might cause a lower result this financial year.
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Apple Inc.'s decision to update its consumer-oriented MacBook laptop line apparently helped push sales of its laptops up in May, according to research firm NPD Group.
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Shares of Apple Computer Inc.AAPL.O  rose as much as 13 percent on Thursday, boosted by its report  that quarterly profit and revenue jumped on robust sales of its  iPod digital music players, and optimism for results in the  current quarter.
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Apple reported strong quarterly earnings boosted by record Macintosh computer and iPhone sales on Monday.Apple recorded net revenue for its first fiscal quarter, ended Dec. 29, of $9.6 billion, a 35 percent year-over-year increase, beating estimates of $9.47 billion from analysts polled by Thomson Financial.The company posted quarterly net profit of $1.58 billion, an increase from the $1 billion net profit from the year-earlier quarter. The company recorded earnings of $1.76 per share.Unit shipments of the iPod were 22.1 million units, a 5 percent growth over the year-earlier period. Apple sold 2.3 million iPhones during the quarter, a sequential increase from the 1.12 million iPhones it shipped in its fourth fiscal quarter. Apple shipped 2.3 million Macintosh computers, a 44 percent growth from the year-earlier quarter.According to figures from IDC, Apple&#39;s PC shipments in the U.S. grew 30.9 percent to 1.06 million during the fourth quarter last year with a 5.7 percent market share, behind Dell, Hewlett-Packard, and HP. Apple was not among the top five vendors in PC shipments worldwide, according to IDC.Apple announced Mac OS X Leopard operating system this quarter. It started off the new quarter with a bang, announcing&#160;a movie rental service for iTunes and a skinny laptop, the MacBook Air, which CEO Steve Jobs proclaimed was the &quot;world&#39;s thinnest notebook&quot; during a keynote address at the&#160;Macworld Conference and Expo in San Francisco.A week prior to Macworld, Apple announced revamped versions of the Mac Pro workstations and Xserve servers powered by Intel&#39;s power-efficient Penryn processors.
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Much of the rise in the company&#39;s stock yesterday was due to Apple&#39;s outlook for the current holiday quarter. Apple said it expects to post a first-quarter profit of between 39 cents and 42
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The design pares component costs, boosting Apple's profit, says iSupply.
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Anheuser-Busch Cos. Inc.  posted a higher quarterly profit on Thursday, driven by stronger U.S. shipments of beer, higher prices and demand for its imports.
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Apple reported revenue for the quarter of $2.35 billion, up 37% from the $1.72 billion recorded during last year's fourth quarter.
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SAN JOSE, Calif. - 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.  on  Wednesday posted a 48 percent increase in quarterly net income  as it sold more iPod digital music players and Intel  Corp.-powered  Macintosh computers.
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Apple reports record quarterly profits boosted by sales of the iPod music player and its notebook computers.
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Apple Inc  beat Wall  Street targets with a 67 percent rise in quarterly profit on  Monday, led by strong sales of its Macintosh computers and a  big first full quarter from the iPhone, sending its shares up  nearly 6 percent.
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Apple announced first quarter financial results, with a net profit of $295 million or $.70 per diluted share. These results compare to a net profit of $63 million or $.17 per diluted share in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74% from a year ago. Gross margin was 28.5%, up from 26.7% a year ago. International sales accounted for 41% of revenue. [Jan 12, 2005]
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Stocks rose on Tuesday as strong earnings by Apple Inc.  and American Express Co  eased concern about consumer spending and profits.
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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 said its revenue rose by 35 percent to $9.6 billion in its year-ending business quarter, driven by record Macintosh, iPod and iPhone sales as well as strong demand for the company's latest software release. Net profit rose to $1.58 billion, or $1.76 per share, versus $1 billion in the fourth quarter of 2006.
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Aetna Inc  posted a better-than-expected third-quarter profit on Thursday as membership increased, and the health insurer projected next year's earnings would grow faster than Wall Street expected.