financial/investor
01/12/2005, 4:30pm, EST
Wednesday, January 12th
Apple posts $295 million profit on $3.49B
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."
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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 crap.
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.
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.
* Which we used to be able to call "Christmas"
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.
BWAHAHAHAHAHA!
1st generation iPods with bigger ones (or perhaps more
stylish ones) and then giving the older ones to other
family members. Weird.