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April 20, 2006 ../ Apple Reveals Strong Quarterly Earnings8,526,000 iPods sold in the periodApple revealed another powerful financial result for the quarter ending April 1, 2006, with revenue topping $4.36 billion, a 34 percent jump over the year-ago period, and the second-highest quarterly result for the company. The three-month period also saw strong iPod sales and overall profits. Apple moved 8,526,000 iPods in the period, a 61 percent increase over the year-ago quarter. And earnings surpassed $410 million, a 41 percent rise. Meanwhile, Mac computer sales crossed 1,112,000 units, representing a 4 percent increase. Despite the naysayers, Apple continued their sheer dominance in the portable MP3 player market, and total iPod sales are now comfortably past 50 million. Meanwhile, Steve Jobs highlighted an incredibly strong run over the past two quarters. "We've generated over $10 billion in revenue and almost $1 billion in earnings in the first half of fiscal 2006. Our transition to Intel processors is going very well, and our music business just experienced another quarter of outstanding growth," Jobs stated. Looking forward, Apple CFO Peter Oppenheimer projected revenues of $4.2 to $4.4 billion for the current quarter, and earnings per share of between $.39 to $.43. The Future: Apple's biggest iPod competition in the next 18 months will come from more sophisticated mobile phones. High failure rates still plague the manufacturer, despite a liberal return policy, and battery life, even in the Flash-based players, could certainly improve, especially when the units are over a year old. Apple's move to Intel chips is going to be a huge win for the company. Huge.
Copyright © 2006 Futuremusic® All Rights Reserved. |
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 As the name correctly implies, Experiments In Sound, is Futuremusic's latest endeavor for pushing electronic music technology to the very edge of what's possible. Experiments In Sound grew out of Futuremusic's avant-garde events in New York City that featured DJ's taking mixing and live sound reinforcement to a whole new level with the very latest gear and software. Now Experiments In Sound has become The Ultimate Mix Contest...
After the tremendous success of our groundbreaking The Next Big Thing DJ Contest, Futuremusic has decided to once again create a new paradigm...
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