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Apple Q3 Sales, Earnings 2nd Best Ever

7/20/2006 08:40:00 AM Eastern

Cupertino, Calif. — Double-digit sales growth for Macintosh computers and iPods in Apple’s fiscal third quarter, ended July 1, enabled the company to report its second-highest quarterly revenue and earnings in its history.

Apple posted revenue of $4.37 billion and a net quarterly profit of $472 million. These results compare with revenue of $3.52 billion and a net profit of $320 million in the year-ago quarter. Gross margin was 30.3 percent, up from 29.7 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter’s revenue.

Apple shipped 1.33 million Macintosh computers and 8.11 million iPods during the quarter, representing 12 percent growth in Macs and 32 percent growth in iPods over the year-ago quarter.

“We’re thrilled with the growth of our Mac business, and especially that over 75 percent of the Macs sold during the quarter used Intel processors. This is the smoothest and most successful transition that any of us have ever experienced,” said Steve Jobs, Apple’s CEO. “In addition, iPod continued to earn a U.S. market share of over 75 percent, and we are extremely excited about future iPod products in our pipeline.”

“We’re very pleased to report the second-highest quarterly sales and earnings in Apple’s history, resulting in year-over-year revenue growth of 24 percent and earnings growth of 48 percent,” said Peter Oppenheimer, Apple’s chief financial officer. “Looking ahead to the fourth quarter of fiscal 2006, we expect revenue of about $4.5 to $4.6 billion.”

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