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AAPL Stock: 121.3 ( -1.07 )

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Apple earnings driven by iPod, retail, laptops

updated 04:50 pm EDT, Wed October 13, 2004

iPod, Retail, laptops...

Apple saw an increase in revenue in all of its geographic operating segments as well as tremendous growth in its retail operation, according to data released by the company. Apple posted a 66% unit increase and 95% revenue increase in its retail segment over the year-ago quarter as well as sequential growth of 34% (units) and 39% (revenue) from the previous quarter. However, the retail growth was offset by significant year-over-year declines in Mac shipments in both its Japan (26%) and European (32%) segments. Overall, Apple shipped fewer Mac units from the previous quarter, but enjoyed a much higher selling price--driving sequential revenue of growth by 17% to $2.35 billion.

Year-over-year Apple achieved a 6% growth in Mac shipments and a 37% growth in revenues. The revenue was growth was driven by strong year-over-year unit shipments of the iBook (74%) and PowerBook (21%), but lower shipments of Power Macs (by 29%).



Apple's average selling price for the iPod continued to decline (as expected with the lower-margin iPod mini and OEM sales of the iPod to HP), however, a 500% year-over-year increase in iPod shipments to more than 2 million drove iPod revenue to $537M, a 344% increase in year-over-year iPod revenues. Apple also saw nearly $100M in additional revenue, generated from the iTunes Music Store and iPod accessories/services--an increase of 600% from the year-ago quarter.




by MacNN Staff

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Comments

  1. macnn2

    Joined: Dec 1969

    0

    RIPE!

    Investors are just RIPE to dump all of their Apple stock for a phat profit!

  1. trevc

    Joined: Dec 1969

    0

    Fewer Macs?


    Profits are always nice ... I'd like to one day see a 30% increase in mac unit sales, etc. Does this mean that Apple is still not increasing market share?

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