Apple posts Q2 results

Apple posts Q2 results

Apple earned $0.47 cents per share on $4.4 billion in revenue for the second quarter, it said Wednesday.

Apple for its second quarter of 2006 earned US$0.47 cents per share on US$4.4 billion in revenue, the company said Wednesday.

Analysts polled by Thomson First Call had estimated the company would earn US$0.43 cents a share on US$4.5 billion in revenue for the quarter that ended April 1.

Net profit was US$410 million. Revenue and earnings were up from the same year-ago quarter, when Apple had profit of US$290 million, or US$0.34 cents a share on revenue of US$3.24 billion.

Apple sold 1.1 million Macintosh computers and 8.5 million iPods in the second quarter, which marks only a 4 percent growth in Macs but a 61 percent growth in iPods from the year-ago quarter. During the first quarter of 2006, which is a seasonally high sales period for the company because of holiday shopping, Apple sold 1.3 million Macintosh computers and 14 million iPods.

During its second quarter, Apple added a 1G byte iPod Nano priced at US$149 to its lineup and dropped prices on its iPod shuffle models. The company also continued the process of moving its Macs onto chips from Intel Corp. and took the wraps off its new Boot Camp software, which lets users of its new Intel-based machines to easily install Windows XP.

For the third quarter of 2006, Apple expects GAAP (generally accepted accounting principles) earnings per diluted share of about US$0.39 to US$0.43, including an estimated US$0.04 per share expense impact from non-cash stock-based compensation. That translates to non-GAAP earnings per share of about US$0.43 to US$0.47, on revenue of about US$4.2 billion to US$4.4 billion.

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