Apple Posts $410 Million Q2 2006 Profit
Apple Posts $410 Million Q2 2006 Profit — Time to break out the tip jar: Apple reported just second-best performance for its second financial quarter of 2006.
Then again, maybe Steve Jobs and company won’t be penniless anytime soon. Apple sold 1.1 million Macintosh computers and 8.5 million iPods during the quarter ending 01-Apr-06, compared to 1.07 million Macs and 5.3 million iPods one year ago. That translated to revenue of $4.36 billion and a net quarterly profit of $410 million. Apple’s haul for the first financial quarter of 2006 broke company records with a $565 million profit, which included the holiday buying season. In a press release, Jobs boasted that the company has "generated over $10 billion in revenue and almost $1 billion in earnings in the first half of fiscal 2006" and cited success in the transition to Intel processors as well as strong online music sales. [JLC]