Apple Computer saw sales jump 75 percent in its latest quarter — and net income more than quadruple — as sizzling sales of iPod music players led the company...
SAN JOSE, Calif. — Apple Computer saw sales jump 75 percent in its latest quarter — and net income more than quadruple — as sizzling sales of iPod music players led the company to what CEO Steve Jobs called its best quarterly performance.
For the three months ended June 25, Apple’s profit rose to $320 million, or 37 cents per share, up from the $61 million and 8 cents per share the company reported in the year-ago quarter.
Sales surged 75 percent to $3.52 billion from $2.01 billion last year.
Analysts surveyed by Thomson Financial expected the Cupertino-based company to report earnings of 31 cents per share on revenue of $3.34 billion.
The company shipped 1.2 million Macintosh computers and 6.2 million iPods, the overwhelming leader among digital music players, during the quarter. The numbers represents a 35 percent increase in Mac sales and more than a six-fold jump for iPods from the third quarter in 2004.
The company said international sales accounted for 39 percent of the quarter’s revenue.
“We are delighted to report Apple’s best quarter ever in both revenue and earnings,” Jobs said. “The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline.”
For the fourth quarter, Apple predicted earnings of 32 cents per share on revenue of $3.52 billion.
Analysts are looking for profit of 33 cents per share on sales of $3.6 billion.
Apple shares rose 11 cents to close at $38.35 Wednesday on the Nasdaq Stock Market, then added 74 cents in the late session. Apple released the income report after the close of regular trading.