Apple Financial Reports: Cha-CHING!

Apple released their second quarter financial results today with a net profit of $290 million, or $.34 per diluted share with 70% revenue growth and a 530% increase in net income.  According to the report, "Apple shipped 1,070,000 Macintosh® units and 5,311,000 iPods during the quarter, representing a 43 percent increase in CPU units and a 558 percent increase in iPods over the year-ago quarter." Not too shabby.

Most likely while smirking (as in the picture to the right), Steve Jobs said, "Apple is firing on all cylinders and we have some incredible new products in the pipeline for the coming year, starting with Mac OS X
Tiger later this month." I wonder what he means by 'new': new in the line, like G5 Powerbooks, or new as in brand-spanking?

If all this financial news has you in a tizzy, be sure to check out the Q2 2005 financial results conference call which begins streaming live today at 2PM PDT. Now, if you'll excuse me, I have to find someone to bludgeon me with an enormous stick for not investing a large chunk of change in Apple stock immediately following my wedding.