Apple Reports First Quarter Results
Wednesday, January 18, 2006Apple Reports First Quarter Results
Apple Reports First Quarter ResultsApple Delivers Record Revenue & Earnings CUPERTINO, Calif., Jan. 18 Apple® today announced financial results for its fiscal 2006 first quarter ended December 31, 2005, reporting the highest revenue and earnings in the Company's history. Apple posted revenue of $5.75 billion and a net quarterly profit of $565 million, or $.65 per diluted share, in this 14-week quarter. These results compare to revenue of $3.49 billion and a net profit of $295 million, or $.35 per diluted share, in the year-ago quarter. Gross margin was 27.2 percent, down from 28.5 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue
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