Apple Posts Strong Q4 2006 Financials

According to the article attached here form Tidbits #852/23-Oct-06

Apple has had a record breaking fourth quarter, selling 1,61 million macs and almost 9 million ipods in 3 months!

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Apple Posts Strong Q4 2006 Financials
by Mark H. Anbinder
article link:

Shipping a record 1.61 million Macs helped Apple achieve stellar
financial results for the fourth quarter of the company’s fiscal
year 2006, which ended 30-Sep-06. Apple announced that it posted a
net profit of $546 million on revenue of $4.84 billion for the
quarter, compared to a net profit of $430 million on revenue of
$3.68 billion in the corresponding quarter a year ago.

Key to these numbers were shipments of 1,610,000 Macintosh computers
and 8,729,000 iPods during the quarter, which the company says
represents a 30-percent increase in Macintosh sales and 35 percent
growth in iPod sales from the same quarter a year ago. In a press
release, Apple CEO Steve Jobs said, “This strong quarter caps an
extraordinary year for Apple. Selling more than 39 million iPods and
5.3 million Macs while performing an incredibly complex architecture
transition is something we are all very proud of.”

Apple finishes its fiscal year with over $10 billion in cash. CFO
Peter Oppenheimer says the company expects revenue of between $6
billion and $6.2 billion for the first quarter of fiscal year 2007,
which ends on 31-Dec-06. Apple’s announcement added a warning that
the results might be subject to significant adjustment “as a result
of a likely restatement of historical results,” due to the current
investigation of Apple’s stock option practices (see “Apple Reports
on Options Backdating Problems,” 09-Oct-06). This adjustment could
result in anywhere from tens to hundreds of millions of dollars of
retroactively lower earnings, but would require little cash
expenditure unless irregularities beyond the scope reported by Apple
from its internal investigation appear.

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