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AAPL Stock: 101.66 ( + 0.23 )

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Apple earns $320M on strong iPod, Mac sales

updated 04:35 pm EDT, Wed July 13, 2005

Apple earns $320M

Apple today announced financial results for its fiscal 2005 third quarter ended June 25, reporting the highest revenue and earnings in the Company's history. Apple sold over six million iPods, beating by nearly one million units. Apple posted a net quarterly profit of $320 million, or $0.37 per diluted share, and revenue of $3.52 billion, compared 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 Macs 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."




by MacNN Staff

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Comments

  1. TheGreatButcher

    Joined: Dec 1969

    0

    Wow

    Just a million off in their estimate... Where are the analysts now?

  1. Ganesha

    Joined: Dec 1969

    0

    So much for...

    iPod sales 'cooling'...

    By Apple's figures they had 15.9% growth in iPod sales from Q2 to Q3. This during the traditionally slow part of the year for electronics sales.

  1. 83caddy16v

    Joined: Dec 1969

    0

    Sounds good...

    I wonder what the iPod sales will look like over the Q2 '05 numbers. Year over year sounds great but if the Q3 numbers drop, the decline in iPod sales may drive the stock lower.

    Hopefully the continued growth will help the stock to get back over $40.

  1. njfuzzy

    Joined: Dec 1969

    0

    Wow.

    Wow. Weren't estimates around 28¢ per share, with revisions this past week suggestions at most 31¢? After the splits in the last few years, 37¢ per share is awfully nice.

  1. rtbarry

    Joined: Dec 1969

    0

    calling all analysts!

    hello....?

  1. shawnce

    Joined: Dec 1969

    0

    83caddy16v don't wonder.

    http://images.apple.com/pr/pdf/q305data_sum.pdf

  1. 83caddy16v

    Joined: Dec 1969

    0

    Thanks shawnce

    5,311k units up to 6,155k units. yup, not a decline.

    Laptops did well also.

  1. Glasspusher

    Joined: Dec 1969

    0

    doomed

    Oh, never mind ;)

  1. climacs

    Joined: Dec 1969

    0

    ha, ha!

    /nelson muntz

  1. iFrankie

    Joined: Dec 1969

    0

    Stock Price

    Well, Apple's stock always goes down after they report good news.

    Too bad it doesn't go up when they report bad news.

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