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Apple posts $295 million profit on $3.49B

updated 04:30 pm EST, Wed January 12, 2005

Apple posts $295M profit

Apple today posted a net profit of $295 million, or $.70 per diluted share for its first financial quarter, the highest quarterly profit and revenue in Apple's history. These results compare to a net profit of $63 million, or $.17 per diluted share, in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74 percent from the year-ago quarter. Gross margin was 28.5 percent, up from 26.7 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue. Apple shipped 1,046,000 Macs units and 4,580,000 iPods during the quarter, representing a 26 percent increase in CPU units and a 525 percent increase in iPods over the year-ago quarter.

"We are thrilled to report the highest quarterly revenue and net income in Apple's history," said Steve Jobs, Apple's CEO. "We've sold over 10 million iPods to date and are kicking off the new year with a slate of innovative new products including iPod shuffle, Mac mini and iLife '05."



"We're pleased to report 74 percent revenue growth, 26 percent Mac unit growth and 525 percent iPod unit growth," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second quarter of fiscal 2005, we expect revenue of about $2.9 billion and earnings per diluted share of about $.40."




by MacNN Staff

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Comments

  1. pliny

    Joined: Dec 1969

    0

    !

    Great stuff. Apple know what they are doing.

  1. chas_m

    Moderator

    Joined: Dec 1969

    0

    Holy ...

    ... c***!!

    Do you guys realise that if Apple can sustain this level of sales (and they might just pull that off), it will have grown from an $8.25B company (revenues) in 2004 to a $14B company IN A YEAR.

    Holy c***.

  1. testudo

    Joined: Dec 1969

    0

    Computer sales

    Up over 1 million last quarter. That in itself is good news. Maybe if they're lucky, people will be picking up these disposable minis and boost their computer sales numbers even higher, and maybe even see the marketshare raise a tick (although, lets be serious, if Apple's marketshare even jumped 5 points, the analysts would still be moaning about how small it is and how little time there's left for APPLE Computers and their McIntosh line (misspellings/miscasings done just like lousy analysts write this stuff).

  1. testudo

    Joined: Dec 1969

    0

    Even more wow

    I missed this part of the story (seen on macminute):

    Apple on Wednesday reported its best quarterly financial results in the company's history.

    Best in company history? Now that is a quarter to be excited about.

    After hours trading is at $73 and higher! But, it should be back to $65 when the markets open for normal people.

  1. Okonomiyaki

    Joined: Dec 1969

    0

    Don't get too cocky

    I heard there are a number of "iPod Killers" coming out soon so I guess Apple must be doomed.

  1. John Dwight

    Joined: Dec 1969

    0

    Calling all pundits

    Calling all pundits. Time to up the ante on Apple- bashing (while calling your broker pronto)!

    Congrats, Apple. The miniMac looks to be a great hedge. Every local in my town with broadband is starting to listen when I say I have no virri, no popups, no spyware, and no downtime. They're miserable dealing with PCs. They're getting Pods, too. It's always been the price point that's thrown them.

  1. jimothy

    Joined: Dec 1969

    0

    re: Holy...

    Don't expect $14 billion in revenue for the year. Apple's Q1 includes the holiday* shopping season, so revenue for that quarter is expected to be higher than other quarters. But I do expect Apple to have a stellar year. Way to go!

    * Which we used to be able to call "Christmas"

  1. dece

    Joined: Dec 1969

    0

    You can call it Christmas

    ... but then you miss out on those Chanukah sales. Seriously, it's not that calling FYQ1 "The Christmas Season" is impolitic, it's just inaccurate.

    Interesting to note, the conference call having just ended, Apple is still calling the G5 Powerbook (and I quote) "the mother of all thermal challenges." So don't look for one too soon. In fact, I'd be surprised to see one by WWDC.

  1. Glasspusher

    Joined: Dec 1969

    0

    doomed

    Once again, Apple proves that it can't even go out of business correctly. It is obvious from this last quarter's performance that the company is in complete denial that it will soon go down the tubes. Is there anything that this company doesn't s**** up?

    BWAHAHAHAHAHA!

  1. Todd Madson

    Joined: Dec 1969

    0

    Weird.....

    And I know people who are now replacing still working
    1st generation iPods with bigger ones (or perhaps more
    stylish ones) and then giving the older ones to other
    family members. Weird.

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