Apple posts improved quarterly results helped by iPod sales

Apple posts improved quarterly results helped by iPod sales

Apple Computer has managed to exceed market expectations through their latest quarterly income reports. The company has posted a nearly 48 percent profit increase as they continue to benefit from the growing sales of the iPod range of digital music players.

Apple reported that the profits were at $472 million, or 54 cents a share, up from $320 million, or 37 cents per share in the same period of 2005. This alone was 10 cent higher than what the market expected from the company!

Sales were up to $4.37 billion from $3.52 billion last year. This is as per their forecasted figures but fell short of $4.4 billion estimated by Thomson Financial.

Apple reported that they shipped 1.3 million Macintosh computers and 8.1 million iPods during this quarter, which confirms their domination in the digital music player market. Steve Jobs spoke on this result: “iPod continued to earn a U.S. market share of over 75 percent and we are extremely excited about future iPod products in our pipeline.”