January 18, 2006 @ 4:11 pm (EST) — posted by Alexandros Roussos (Strategy, Events)
Apple posts $565 million of profit

Apple has released its financial results for the first (financial) quarter of 2006. The company has earned $565 million for a revenue of $5.75 billion. Last year, Apple had earned $295 million for a revenue of $3.49 billion.

More than 14 million iPods and 1.25 million Macs were sold during the last quarter. The iPod sales are now about $1 billion worth.

The company has however provided very conservative guidance for the current quarter, resulting in a plunge of its shares during the after-hours session.

A slow down in the demand of Macs was cited for last quarter but the company is happy with analyst and customer response to the launch of its new Intel-based Macs.

Apple shares closed down -2.62% (-$2.22) at $82.49 and is now trading at about $78 in after-hours, down more than 7%.

The Q1 2006 financial conf. call is webcasted here.



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