Apple's earnings come in very close to our projection

I had projected that Apple would make $548 million for its fiscal Q1 ending December 31, 2005; the actual amount Apple announced it earned was $565 million. I also used a slightly out of date number of shares in the calculation as well, so instead of earning $0.68 as I projected, Apple earned $0.65. Still, it was a terrific quarter, with earnings up 73% over last year's Q1, on a 64% increase in revenue.

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