Apple Q1 2006 Financial Results
Apple reported its highest-ever revenue and earnings.
Highlights, with 2005 Q1 for comparison:
- Macs shipped: 1,254,000 (20% growth over 2005 Q1)
-- 587,000 iBooks and Powerbooks shipped
-- 667,000 desktop systems shipped
- iPods shipped: 14,043,000 (207% growth over 2005 Q1)
- Revenue: $5.75 billion, 40% from international sales ($3.49 billion in 2005 Q1)
- Music: 59% of total revenue
- Net quarterly profit: $565 million ($295 million in 2005 Q1)
- Retail profits were $90 million.
- Gross margin: 27.2% (28.5% in 2005 Q1)
- PowerBook G4 and iMac G5 will be sold while supplies last.
From Steve Jobs, Apple CEO:
We are thrilled to report the best quarter in Apple's history. Two highlights of an incredible quarter were selling 14 million iPods and getting ready to launch our new Macs with Intel processors five to six months ahead of expectations. We are working on more wonderful products for 2006, and I can't wait to see what our customers think of them.
From Peter Oppenheimer, Apple CFO:
We're very pleased to report year-over-year revenue growth of 65 percent and net income that was nearly twice the year-ago level. Looking ahead to the second quarter of fiscal 2006, we expect revenue of about $4.3 billion.