Thursday, January 18, 2007

Apple Profit Rose 78% in Quarter - New York Times

Impressive 

The strength of the company’s quarter was underscored by Apple’s far outstripping Wall Street’s expectations. The consensus expectation of analysts surveyed by Thomson Financial was for earnings of 78 cents a share; Apple reported earnings of $1.14 a share.

While its mainstay Macintosh computer line did reasonably well, growing 28 percent from a year ago, the company’s business focus has clearly shifted toward mobility. The company’s desktop computer business grew only 5 percent from a year ago, but its portable business was up 79 percent, largely on the success of its MacBook line of notebook computers.

Source: Apple Profit Rose 78% in Quarter - New York Times

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