04/14/2004, 4:30pm, EDT
Wednesday, April 14th
Apple posts $46M profit, iPod sales up 909 percent
Apple said it shipped 749,000 Macintosh units and 807,000 iPods during the quarter, representing a 5 percent increase in CPU units and a 909 percent increase in iPods over the year-ago quarter.
"Apple had a great quarter with 29 percent revenue growth and 200 percent earnings per share growth year-over-year," said Steve Jobs, Apple's CEO. "We experienced growth in most areas of our business-most dramatically in selling a record 807,000 iPods, up more than 900 percent over the prior year."
"We are very pleased with our third straight quarter of double-digit revenue growth," said Fred Anderson, Apple's CFO. "More importantly our results demonstrate operating margin expansion. Our balance sheet remains very strong with about $4.6 billion in cash and no debt. Looking ahead to the third quarter of fiscal 2004, we expect our fourth consecutive quarter of year-over- year double-digit growth in both revenue and earnings, with revenue of about $1.925 billion. We expect GAAP earnings per diluted share of $.12 to $.13, including approximately $.02 per diluted share in restructuring charges."
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doubt the stock will react positively though...I own a bit...but the recent run up has been nice...
15 more minutes until the breakdown of these numbers....
yes, systems sales will look bad to analysts. word is the new 90nm g5's required a nigh-rework of the internal heat sensors, which has super-delayed everything. here's hoping they release a hell of a lot around wwdc, though that is STILL over two months away, which is an eternity.
My numbers are from this page: http://finance.yahoo.com/q?s=AAPL&d=v1
for 2Q that's good enuff --wait for total sales in 4Q.
No, it's not as exciting as selling nine times as many iPods as last year, but it's still an increase.