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Apple posts profit of $290M on increased revenue

updated 04:30 pm EDT, Wed April 13, 2005

Apple posts profit

Apple today posted a net profit of $290 million, or $.34 per diluted share for its fiscal 2005 second quarter ending March 26, 2005--with increased revenue of $3.24 billion, which was up 70 percent from the year-ago quarter. The results compare to a net profit of $46 million, or $.06 per diluted share, in the year-ago quarter and by 10 cents per share and ahead of their projected $3.18 billion in revenue. Gross margins were 29.8 percent, up from 27.8 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue. Apple said it shipped 1,070,000 Macs and 5,311,000 iPods during the quarter, representing a 43 percent increase in CPU units and a 558 percent increase in iPods over the year-ago quarter.

"We are delighted to report a record second quarter for Apple in both revenue and earnings," said Steve Jobs, Apple's CEO. "Apple is firing on all cylinders and we have some incredible new products in the pipeline for the coming year, starting with Mac OS X Tiger later this month."

"We're very pleased to report 70 percent revenue growth and a 530 percent increase in net income," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the third quarter of fiscal 2005, we expect revenue of about $3.25 billion and earnings per diluted share of about $.28."




by MacNN Staff

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Comments

  1. bommai

    Joined: Dec 1969

    0

    Wow

    Wow. Soon they will be in the $1B profit a year club!!

    -Siva

  1. gwangung

    Joined: Dec 1969

    0

    Apple posts a profit?

    Apple is doomed! Apple is doomed, I say! They can't sustain this! Longhorn is coming (any minute now) and will crush Apple! And there may be, could be, might be, a worm or virus, some day, some time (we don;t know when) that will cause minor damage to Macs! And that means Macs are just as vulnerable as Intel machines!

    Apple is doomed, I tell you....doomed!

  1. marck

    Joined: Dec 1969

    0

    Weird

    They sold more iPods and Macs than last quarter, but made less profit...

  1. Magicite

    Joined: Dec 1969

    0

    Mini & Shuffle

    That's because we now have the shuffle and mac mini.

  1. iolaire

    Joined: Dec 1969

    0

    what about Citibank?

    I have to wonder how much are they making on the Citibank iPod's? Will that mean a hit once the orders for those stop coming in? Citibank had to have purchased a lot of them.

    The good news is now Citibank is promoting the iPod Shuffle with the cc so they are sticking with Apple for now.

  1. rtamesis

    Joined: Dec 1969

    0

    Frustration from MS fans

    Can you hear that? It's the sound of gnashing of teeth from people who want Apple to die and go away.

  1. history1me

    Joined:

    0

    Citibank?

    Do you have a linky?

  1. Alric1

    Joined: Dec 1969

    0

    Stock

    Then why did the stock go down 4%?

  1. iolaire

    Joined: Dec 1969

    0

    Citibank Shuffle

    http://citi.bridgetrack.com/usc/professional/shuffle/Default.htm

  1. iolaire

    Joined: Dec 1969

    0

    Citibank Shuffle

    You might need to go there through the 3rd "smart deal" link at http://citibank.com/us/index.htm

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