Apple 3rd Quarter Earnings - Best in Company History

[Ottawaman]

Apple 3rd Quarter Earnings - Best in Company History
Apple Reports Third Quarter Results
7/13/05
July 13, 2005 /PRNewswire via COMTEX/ --

Apple Delivers Record Revenue & Earnings

CUPERTINO, Calif., July 13 /PRNewswire-FirstCall/ Apple(R) today announced financial results for its fiscal 2005 third quarter ended June 25, 2005, reporting the highest revenue and earnings in the Company's history. Apple posted a net quarterly profit of $320 million, or $.37 per diluted share, and revenue of $3.52 billion. These results compare to a net profit of $61 million, or $.08 per diluted share, and revenue of $2.01 billion in the year- ago quarter, and represent revenue growth of 75 percent and net profit growth of 425 percent. Gross margin was 29.7 percent, up from 27.8 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter's revenue.

Apple shipped 1,182,000 Macintosh(R) units and 6,155,000 iPods during the quarter, representing 35 percent growth in Macs and 616 percent growth in iPods over the year-ago quarter.

"We are delighted to report Apple's best quarter ever in both revenue and earnings," said Steve Jobs, Apple's CEO. "The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline."

"We're very pleased to report 75 percent revenue growth and a 425 percent increase in net income," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth quarter of fiscal 2005, we expect revenue of about $3.5 billion and earnings per diluted share of about $.32."

Apple will provide live streaming of its Q3 2005 financial results conference call utilizing QuickTime(TM), Apple's standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, July 13, 2005 at http://www.apple.com/quicktime/qtv/earningsq305/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime.
ps..
there are over 6 million new iPod owners in the past few months alone

[Child of Cupertino]

Kicks ASS!

(Good job, Ottawaman. Keep the torch high and lit ;) )

[Tim]

"35 percent growth in Macs"

mmmmm.... I smell a'crow a'cookin' mmmmhhhmmmmmm....
;)

[Bogie]

Be interested in deeper demographics. How many are Mac users upgrading, compared to new Mac users?

35% growth in Mac sales, not necessarily because of new Mac users.

iPod sales increase is understandable, as Apple created the product in the first place. Kudos to them - unbelievable that so many people would pay so much for a portable music listening device. Good marketing!

[Tim]

Be interested in deeper demographics. How many are Mac users upgrading, compared to new Mac users?
From an uneducated guess, mac users don't tend to upgrade as often as PC users. (except... in my case :D)
I'm wondering how much sales of mac minis affected that number, as I know of quite a few new mac users (look here :)) switching to the mini.
Yes it would be interesting to see how many new users.

35% growth in Mac sales, not necessarily because of new Mac users.

iPod sales increase is understandable, as Apple created the product in the first place. Kudos to them - unbelievable that so many people would pay so much for a portable music listening device. Good marketing!
as an owner of a 40 gig ipod, I have to add, a very very good product too!!
(yes expensive :))


..

[Kelisis]

Apple 3rd Quarter Earnings - Best in Company History
Apple Reports Third Quarter Results
7/13/05
July 13, 2005 /PRNewswire via COMTEX/ --

Apple Delivers Record Revenue & Earnings

CUPERTINO, Calif., July 13 /PRNewswire-FirstCall/ Apple(R) today announced financial results for its fiscal 2005 third quarter ended June 25, 2005, reporting the highest revenue and earnings in the Company's history. Apple posted a net quarterly profit of $320 million, or $.37 per diluted share, and revenue of $3.52 billion. These results compare to a net profit of $61 million, or $.08 per diluted share, and revenue of $2.01 billion in the year- ago quarter, and represent revenue growth of 75 percent and net profit growth of 425 percent. Gross margin was 29.7 percent, up from 27.8 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter's revenue.

Apple shipped 1,182,000 Macintosh(R) units and 6,155,000 iPods during the quarter, representing 35 percent growth in Macs and 616 percent growth in iPods over the year-ago quarter.

"We are delighted to report Apple's best quarter ever in both revenue and earnings," said Steve Jobs, Apple's CEO. "The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline."

"We're very pleased to report 75 percent revenue growth and a 425 percent increase in net income," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth quarter of fiscal 2005, we expect revenue of about $3.5 billion and earnings per diluted share of about $.32."

Apple will provide live streaming of its Q3 2005 financial results conference call utilizing QuickTime(TM), Apple's standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, July 13, 2005 at http://www.apple.com/quicktime/qtv/earningsq305/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime (http://www.apple.com/quicktime).
ps..
there are over 6 million new iPod owners in the past few months alone
I'm very skeptical until I see the audited results (both financial but more importantly, the much stricter Sarbanes-Oxley portion of the audit) at year-end.

Quarterly results are rarely audited. Year-end results must be.

[Ottawaman]

you're entitled/wise to not trust anyone after worldcom

[Just Doug]

"35 percent growth in Macs"

mmmmm.... I smell a'crow a'cookin' mmmmhhhmmmmmm....
;)

There's always humble pie a plenty in IT. Jobs has eaten it and so has Gates.

Now as a true PC nut who's had a dish served to me in this forum, the numbers are very good. iTunes is racking it nicely thank-you-very-much and Apple stock has been a decent buy, especially at around $18 a while back.

http://finance.yahoo.com/q?s=aapl :)

[Tim]

there was someone who used to frequent here that swore that apple would not see an increase but will continue to wane.
Funny enough, numbers I see which are the stats of what internet users are using, show a steady increase in mac users to windows users, and I noticed that in the past year, the increase is getting faster.

Oh, Bogie, I saw an article posted that said about 400,000 were new mac users.