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January 19, 2006

Apple revenue climbs, thanks to iPod


Apple , Business , ipod

ipod with cartoon.jpg

Sales of iPod music players propelled Apple Computer Inc.'s quarterly revenue and profit to all-time highs, with earnings nearly doubling from a year earlier reports the LAtimes

Apple earned $565 million, or 65 cents a share, in its fiscal first quarter, compared with $295 million, or 70 cents, a year earlier, before a 2-for-1 stock split.

Despite increased research spending, Apple beat estimates "quite materially," said Shaw Wu, an analyst with American Technology Research, an equity research firm.




 

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