Apple reports record sales: Greedy Wall Street Still Disappointed
Apple reported a 35 percent rise in revenue to $9.6 billion. The company said it shipped 2.3 million Mac computers, 44 percent more than during the same period last year. Hard to believe, but analysts were still disappointed with Apple’s second-quarter forecast of $6.8 billion in sales and 94 cents per share, less than the $7 billion in sales and $1.09 per share they had predicted.
iPod shipments rose only 5 percent, to 22 million, which lagged the 24 million that some had predicted. On a call with analysts, Oppenheimer said that the company saw a dip in iPod sales in December. Company executives said that Apple sold more of its high-end iPods, such as the iPod Touch, which led to a disproportionate 17 percent increase in revenue from iPod sales, to $3.5 billion.