Wednesday, April 19, 2006

Apple Beats Estimates

It seems they are running at full speed and the recent sell off may be a good time to buy into the company pretty cheaply.

Cupertino-based Apple said it earned $410 million, or 47 cents per share, in the three months that ended April 1. In the same period a year ago, the company earned $290 million, or 34 cents a share.

The analysts' consensus earnings forecast was 43 cents per share.

Now the impact of the switch to Intel will really be felt next quarter since they are only halfway through the transition. I wonder how their market share will be effected by this change.

Some think another boost in Mac sales might come from Apple's historic release earlier this month of software that gave Macintosh users an easy way to install Microsoft Corp.'s Windows operating system and switch between the two platforms on a Mac.

I guess the effect of this program on their future market share is a real question mark with the stock. In my case this program is the only thing that is making me pay any attention to Apple PCs at all. Also I wonder if they can get all the Intel PCs in place for the education buying season which usually starts in summertime.

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