Peter Piper, an immensely successful Day Trader, comments on vapidity and irrelevance of analyst remarks about Apple only several days ago, preceding this article. Stay Tuned for Peter Piper’s Scathing Commentary!

Apple Rolling in Dough
October 11, 2005

Apple announced financial results for its fiscal 2005 fourth quarter ended September 24, 2005, reporting that they are rolling in dough like never before, with the highest revenue and earnings in the company’s history.

Apple shipped 1,236,000 Macintosh units and 6,451,000 iPods during the quarter, representing 48 percent growth in Macs and 220 percent growth in iPods over the year-ago quarter.

Despite the strong financial results, Apple’s stock dropped, because many analysts had expected even stronger sales.

For fiscal 2005, the Company generated revenue of $13.93 billion and a net profit of $1.335 billion, reflecting annual growth of 68 percent and 384 percent, respectively, and representing the highest annual revenue and net profit in the Company’s history.

“We’re thrilled to have concluded the best year in Apple’s history, with 68 percent year-over-year revenue growth and 384 percent net profit growth,” said Steve Jobs, Apple’s CEO. “This is the direct result of our focus on innovation and the immense talent and creativity at Apple. We could not be more excited about the new products we’re working on for 2006.”

“We’re very pleased to report 48 percent year-over-year growth in Mac shipments in Q4, as well as our 10th consecutive quarter of record iPod sales,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first quarter of fiscal 2006 which will span 14 weeks, we expect revenue of about $4.7 billion. We expect GAAP earnings per diluted share of about $.46, including an estimated $.03 per share expense impact from non-cash share-based compensation, translating to non-GAAP EPS of about $.49.”

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Production Note: Episode #12 – Peter Piper @ In and Out, will follow #13, out of sequence. We apologize.