Apple reports $290 million profit; 5.3 million iPods ship

Apple Computer on Wednesday reported a profit of US$290 million for the fiscal second-quarter of 2005. The company said that 1,070,000 Macintosh units and 5,311,000 iPods were shipped during the quarter, which ended March 26, 2005. This represents a 43 percent increase in CPU units and a 558 percent increase in iPods over the year-ago quarter.

The current quarter compares to a profit of $46 million, or $.06 per diluted share, in the year-ago quarter. Revenue for the quarter was $3.24 billion, up 70 percent from the year-ago quarter.

"Apple is firing on all cylinders and we have some incredible new products in the pipeline for the coming year, starting with Mac OS X Tiger later this month," said Apple CEO Steve Jobs in a statement.

Looking ahead, Apple CFO Peter Oppenheimer said he expects revenue of about $3.25 billion and earnings per diluted share of about $.28 for the company's third-quarter.

Apple stock closed down $1.62 or 3.80 percent. In after hours trading the company is down a further 1.71 percent at $40.34.

Update: Re-wrote the story adding more detailed information.

This story, "Apple reports $290 million profit; 5.3 million iPods ship" was originally published by PCWorld.

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