Apple reports $430 million profit
Apple Computer on Tuesday reported a profit of $430 million or $.50 per diluted share for its 2005 fiscal fourth quarter. The company posted revenue of $3.68 billion, the highest revenue and earnings in the company’s history. These results compare to revenue of $2.35 billion and a net profit of $106 million, or $.13 per diluted share, in the year-ago quarter.
International sales accounted for 40 percent of the quarter’s revenue, the company said in a statement.
For fiscal 2005, Apple generated revenue of $13.93 billion and a net profit of $1.335 billion, reflecting annual growth of 68 percent and 384 percent, respectively, and representing the highest annual revenue and net profit in the company’s history.
Looking ahead to the next quarter, Apple CFO Peter Oppenheimer said he expects revenue of about $4.7 billion.