Apple cautions after huge quarter
Dawn C. Chmielewski writes in The Mercury News (obnoxious, but free, registration required):
Apple Computer reported the highest revenue and profit in the company's history Wednesday, propelled by the soaring popularity of the iPod, the strongest Macintosh sales in four years and the introduction of the new Tiger operating system.
The Cupertino company reported a profit of $320 million, or 37 cents a share, on revenue of $3.52 billion for the fiscal third quarter ended June 25. That represents a 425 percent leap in earnings over the same period last year and a 75 percent surge in sales.
But Apple's recently announced switch to Intel microprocessors injected an element of uncertainty into the company's otherwise heady financial performance. Apple Chief Financial Officer Peter Oppenheimer warned of a flat September quarter, traditionally a period of strong back-to-school sales. He projected revenues of $3.5 billion and earnings per share of 32 cents.
"We feel that we're being prudent," Oppenheimer said. "This is our first full quarter after the Intel transition announcement and we expect to learn more in the quarter.''
posted by Fergie @ 7/14/2005 06:54:00 AM
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