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Record Quarterly Earnings for Apple

filed under Apple

Apple's reported net quarterly profit was US$320 million, up from US$61 million in the same period last year. Much of this can be attributed to sales of the iPod, with steadily increasing sales during each of the last nine quarters. However, Mac computer sales are also up significantly with a 65% gain in desktop sales and an 8% gain in laptop sales over the same period last year. Meanwhile the recent Mac OS X 10.4 Tiger release was the best-selling software in Apple's history, bringing in more than US$100 million in revenue.

At MacNN, there are reports on Apple's earnings conference call, and on the statements by Merrill Lynch analyst Steven Milunovich that Apple is becoming a "mass market company".

Record Quarterly Earnings for Apple [eWeek,MacNN]


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