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Apple revenue, profits steam ahead

Apple revenue, profits steam ahead

THE continued popularity of Apple Computer's iPod music player helped the company to a rise in second-quarter revenue and profit, as compared to last year's second quarter.

Second-quarter revenue was US$1.9 billion, up 29% from revenue of $1.5 billion in last year's second quarter. Net income was $46 million, up sharply from the $14 million in net income posted in the second quarter a year ago.

Apple shipped more iPod units in the second quarter than it did Macintosh computers. A total of 807,000 iPod units were shipped, but that accounted for only $264 million in revenue. The 749,000 Macintosh units shipped during the quarter generated $1.2 billion, and exceeded the 711,000 units shipped in the second quarter of 2003 for $1.1 billion in revenue.

Earnings per share were $0.12, including a $7 million restructuring charge. Excluding the charge, earnings per share were $0.14, exceeding analysts' consensus expectations of $0.10 excluding special items as surveyed by Thomson First Call. Apple's second-quarter revenue also exceeded analysts' expectations of $1.81 billion.

Apple expects to record $1.9 billion in revenue during the third quarter, it says.


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