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Apple Sells Record Number Of iPods But Still Sees Stock Price Fall
January 19, 2006 at 3:38 PM (PT)
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For the three-month financial period ended DECEMBER 31, APPLE COMPUTER said yesterday (1/18) it earned $565 million, or 65 cents per share, up from $295 million, or 35 cents a share in the year-ago quarter. The company's revenues soared to $5.75 billion -- up from $3.49 billion a year ago. The successful period saw APPLE sell 14 million iPODS during the holiday quarter -- nearly 3x as many units as in the same period a year ago.
The good news was tempered by the company's forecast for the second fiscal quarter, with APPLE saying it expects revenue of about $4.3 billion and earnings per share of 38 cents, including an estimated non-cash share-based compensation expense of four cents a share. Because analysts were expecting earnings of 48 cents a share on revenue of $4.6 billion, the poor forecast has resulted in APPLE stock falling 4.5% to $78.74 since the announcement.

