On April 19, 2006, Apple Computer
- EPS easily exceeded Street expectations, while computer sales came up short. That could be because consumers were waiting on more Intel-based Mac models. Indeed, management warned of such an occurrence during yesterday's conference call, saying that it could stall Mac sales in Q3, according to the Associated Press.
- Apple sold more than 8.5 million iPods during the quarter, up 61% year over year. Revenue from iPod sales reached $1.7 billion, eclipsing total revenue from portable and desktop computers.
- Third-quarter projections of $0.39 to $0.43 in per-stub earnings on $4.2 to $4.4 billion in revenue were lighter than expected. Analysts had called for $0.47 per share on $4.72 billion in sales in Q3, according to Capital IQ.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$4,496 |
$4,359 |
$3,243 |
34.4 |
|
Net Profit |
-- |
$410 |
$290 |
41.4 |
|
EPS |
$0.43 |
$0.47 |
$0.34 |
38.2 |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
29.75% |
29.85% |
(0.09) |
|
Op. Margin |
12.14% |
12.40% |
(0.26) |
|
Net Margin |
9.41% |
8.94% |
0.46 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$8,226 |
$7,057 |
16.6 |
|
Inventory |
$204 |
$164 |
24.4 |
|
Accounts Rec. |
$861 |
$888 |
(3.0) |
|
Liabilities |
Q2 2006 |
Q2 2005 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$- |
$- |
N/A |
|
Accounts Pay. |
$2,108 |
$1,773 |
18.9 |
Learn the ways of the balance sheet.
Cash Flow Highlights
No cash flow statement provided. (Whatever.)
Find out why Fools always follow the money.
Related Companies:
-
Dell
(NASDAQ:DELL) -
Gateway
(NYSE:GTW) -
Hewlett-Packard
(NYSE:HPQ) -
IBM
(NYSE:IBM) -
Microsoft
(NASDAQ:MSFT) -
Sony
(NYSE:SNE)
Related Foolishness:
- I think Apple is becoming more like Dell every day.
- See what the readers think.
- No wonder Apple is doing so well; we're crazy for chart-topping downloads.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
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Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile. Dell is also a Motley Fool Stock Advisor pick. The Fool's disclosure policy looks great in a black turtleneck and jeans.
