Apple Annual Profit Set to Top $1 Billion
Apple Computer Inc. probably will report today that annual profit topped $1 billion for the first time as sales of the iPod music player fueled revenue and buoyed demand for the company’s computers.
Earnings quadrupled to $1.23 billion, or $1.44 a share, in fiscal 2005 as sales surged 69 percent to a record $14 billion, according to the average estimate of 25 analysts in a Thomson Financial survey. Apple will say fourth-quarter profit more than tripled to $321.8 million, or 37 cents a share, analysts estimate. Sales probably soared 59 percent to $3.74 billion.
Source: Bloomberg.
There are currently no comments on this thread.