For a good break down of Apple’s earnings numbers release Wednesday, take a look here. The quarter was simply amazing and Apple continues to experience explosive growth. Some of the highlights (in my opinion):
- the amazing ipod…Apple shipped 21.1 million ipods in Q1 resulting in an astonishing $3.43 billion in revenues or half the company’s total revenue for the quarter
- 1.6 million mac computers sold, up 28% over last year’s number (compare that to nearly flat growth in pc sales)
- Apple’s share of the PC market in the US grew to 4.7% up from 3.6% a year ago
I think Apple is simply an amazing company to have stock in right now, and they are simply on a tear. I remember telling a friend a few years ago that the iPod was simply a “trojan horse,” into the the PC world. By introducing a somewhat revolutionary, yet incredibly simple to use universal device to the world they were able to show the PC users just how great Apple’s products work. The change is occurring with more and more PC users choosing macs as their next computer. This is even more true the younger, and younger you are with the majority of people I know under 21 telling me their next computer with be a Mac. Just imagine when this group enters the workforce.
A final thought comes from a comment on Barrons about the recent quarter and the stock price: