Thursday, January 13, 2005

The New York Times > Technology > Apple's Profit Quadruples, Thanks to IPod

The New York Times > Technology > Apple's Profit Quadruples, Thanks to IPod: "Mr. Jobs attributed the strong results to rising sales of personal computers and iPods, and said about 40 percent of the quarter's sales came from music-related products.
Revenue for the quarter was $3.49 billion, up 74 percent from $2 billion a year earlier. Analysts had forecast revenue of about $3.18 billion. The company also projected that revenue for the current quarter would be $2.9 billion, and estimated that earnings per share would be 40 cents, also surpassing analysts' expectations.
"This is the first proof positive that the halo effect is real," said Gene Munster, an analyst at Piper Jaffray, referring to the notion that customers interested in buying an iPod sometimes buy a Macintosh as well.
The iMac is Apple's best-selling personal computer, with an average price of $1,400.
But the iPod remained the big story, with Apple selling 4.6 million of them in the quarter, five times the number sold in the period a year earlier. That brought the total number of iPods sold in three years to about 10 million.
Apple's iTunes music store made a small profit during the quarter and has sold 230 million songs to date, Apple's chief financial officer, Peter Oppenheimer, said."

Okay, I stand corrected on the iTunes profit part, but I suspect "small" => really small...
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