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Thu, Aug 21, 2008 - 04:49 AM EDT  —  AAPL: 175.84 (+2.31, +1.33%)  |  NASDAQ: 2389.08 (+4.72, +0.2%)

Apple smashes street with record revenue, earnings; shipped 6.155 million iPods
Wednesday, July 13, 2005 - 03:32 PM EDT

Apple today announced financial results for its fiscal 2005 third quarter ended June 25, 2005, reporting the highest revenue and earnings in the Company’s history. Apple posted a net quarterly profit of $320 million, or $.37 per diluted share, and revenue of $3.52 billion. These results compare 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 Macintosh units 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 in the press release. “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 in the press release. “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.”

Apple will provide live streaming of its Q3 2005 financial results conference call utilizing QuickTime, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Wednesday, July 13, 2005 at http://www.apple.com/quicktime/qtv/earningsq305/ and will also be available for replay.

MacDailyNews Take: Now, what was that about slowing iPod sales and/or lack of iPod Halo Effect? wink

Related MacDailyNews articles:
MacDailyNews' live coverage of Apple Q3 2005 earnings conference call - July 13, 2005
Apple Q3 2005 Macintosh and iPod unit results - July 13, 2005
The Street: the time may be ripe for Apple to get back to the Mac - July 13, 2005
Apple iPod sales might be plateauing, what's new in Apple's pipeline that will ignite growth? - July 13, 2005
Wall Street wants to see Apple grow iPod unit sales - July 13, 2005
Report: Apple to benefit from Intel chip switch; Mac sales on the rise - July 13, 2005
Comprehensive survey shows 'iPod Halo Effect' is increasing Apple Mac sales, market share - July 12, 2005
Smartmoney.com article sounds stupid about Apple's 'iPod Halo Effect' - July 12, 2005
SG Cowen survey shows evidence of a significant iPod halo effect boosting Apple Mac sales - July 12, 2005
Analysts expect Apple to post $3.33 billion in revenue for Q3-2005 on July 13 - July 07, 2005
Merrill Lynch: Mac sales 'appear robust,' expects futher evidence of 'iPod Halo Effect' - July 07, 2005
BofA raises Apple earnings estimates, forecasts 5.4 million iPods, 28-percent Mac growth for quarter - July 07, 2005
TheStreet.com dubiously concludes that iPod demand has slowed, could impact Apple earnings - July 06, 2005
J.P. Morgan raises Apple estimates based on 'more optimistic' Mac shipments - July 05, 2005
First Albany raises Apple earnings, sales, iPod forecasts, cuts Mac mini forecast - July 05, 2005
Apple to webcast third quarter 2005 financial results conference call on July 13 - July 05, 2005
RealMoney: Apple's iPod Halo Effect 'quite profound,' Macs taking good market share from Wintel - June 27, 2005
Morgan Stanley: Apple's 'iPod Halo Effect' is 'roughly double what the market expects' - March 18, 2005

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Reader Feedback: ( = registered)

Jul 13, 05 - 04:38 pm Comment from: Rasmus

Damn!!

Jul 13, 05 - 04:38 pm Comment from: R

And of course, despite this news, the stock will plummet tomorrow...

Jul 13, 05 - 04:39 pm Comment from: r8ix

Beat the streat!

Jul 13, 05 - 04:39 pm Comment from: s

Wow....

Jul 13, 05 - 04:39 pm Comment from: iPodder

WOW

indeed the iPod has reached a plateau and the Mac is not selling.
Well done anal-ysts.

Jul 13, 05 - 04:39 pm Comment from: macnut222

Naysayers will now go hide under a rock for the next three months.

Jul 13, 05 - 04:39 pm Comment from: hairbo

Wow. That's really impressive.

Jul 13, 05 - 04:40 pm Comment from: audioboy

wooooooooooooooo!!!!!!!

PlaysForWho?

Jul 13, 05 - 04:44 pm Comment from: Anonymous

WOWOWOW

that's over $10,000 profit on my shares alone!

Jul 13, 05 - 04:47 pm Comment from: Manfredo

Eat that NON-BELIEVERS.

Dude, I'm getting a Dell.

Jul 13, 05 - 04:50 pm Comment from: news

....in a related story, Michael Dell called up Steve Jobs and asked if he could borrow a million or two......


wink

Jul 13, 05 - 04:54 pm Comment from: Frank

And in other news:

Bill Gates and Rob Glazer were found huddled together in a corner inside a Krispy Kreme rocking in each others arms muttering what some believe to be, "Time to cross-over into paralellel universe..we have failed"

Jul 13, 05 - 04:54 pm Comment from: Louis

It's pretty funny. The guys who took a dumb credibility risk saying the iPod was running out of steam won't say anything next quarter. That's when another wise-guy will pronounce himself, be blown away, and disappear. A dumb trend. But the day the iPod sales will slow down one bit (although another Apple device will be moving along the product life cycle towards commodity status like the iPod is today), some jerk is going to get a big raise for making the "good call". Why we allow analysts to try spinning and steering our economy is beyond my comprehension.

Jul 13, 05 - 04:54 pm Comment from: Mark

35% growth in computers? Hmmm, seems to me that in a few years, Apple could have been buying way more of the IBM PPC processsors than what than what they are buying know. So, while IBM may have lost a small customer, they may also have lost a potential huge future customer.

- Mark

(What the heck is the point of needing the MDN magic word to make a post???)

Jul 13, 05 - 04:54 pm Comment from: unassailable Investment Analyst

And of course, despite this news, the stock will plummet tomorrow...

Buy on rumors, sell on news. Still, AAPL is up in after-hours trading.

Jul 13, 05 - 04:56 pm Comment from: Winston

Dear Bloomberg, Scott Morrison, Monica Rivituso, et al:

Analyze this, suckers! You nitwits are worse than Baghdad Bob.

Jul 13, 05 - 05:02 pm Comment from: RC

Eat sh*t analysts! hahaha

Jul 13, 05 - 05:02 pm Comment from: Winchester Biggins

Problem is, they have projected a "mere" $3.5 billion revenue for the NEXT quarter - which when compared to the $3.52 billion just reported this quarter, means that investors will get all pissy and whiny in their diapers and drive the price down yet again tomorrow morning. Best hope for a strong gain in the weeks ahead is perhaps a release of this alleged iTunes phone that has been bandied about like Paris Hilton's yin-yang so much lately.

Jul 13, 05 - 05:08 pm Comment from: Charko

Mark,

exactly! That's what I thought as soon as I heard the news of the switch to Intel. IBM has made a mistake.

They didn't see which way the wind was blowing.

Jul 13, 05 - 05:08 pm Comment from: hammer

"Dear Bloomberg, Scott Morrison, Monica Rivituso, et al:
Analyze this, suckers! You nitwits are worse than Baghdad Bob."

Haha, oh man, I couldnt have said it any better!


MDN MW subject, as in, if they dont have a magic word you could be subject to ad bots that litter the forum with unwated posts.

Jul 13, 05 - 05:11 pm Comment from: John

And so it goes once more the analyst and Mac hater's of the world eat dirt! It's easy to forcast doom and gloom.
Apple has shown it's products are very viable and people are turning to Apple as Microsoft can't get its act together for another year and a half. And even that doesn't look very good.

Jul 13, 05 - 05:13 pm Comment from: iPodder

AAPL over $39 already in after-hours. Expect back to $40.

Jul 13, 05 - 05:14 pm Comment from: tango

Well done! Apple engineers. You guys ROCK!

Jul 13, 05 - 05:14 pm Comment from: Wingsy

6.2 million iPods? Soooo.... THAT explains why Creative recently announced a slow down in MP3 player sales. Apple got the sales, it wasn't due to a slowing of ALL MP3 players as some analysts suggested. (Like, anyone here even believed that crap for 1 microsecond.)

They should allow malpractice lawsuits for financial analysts.

Jul 13, 05 - 05:20 pm Comment from: hammer

"Well done! Apple engineers. You guys ROCK!"

Let us not forget the guys in the Industrial Design group either or ANYONE at Apple for that matter.
Well done team!

Jul 13, 05 - 05:24 pm Comment from: JadisOne

WOOOOOOOOHOOOOOOOOOO!!!! GO APPLE!!!!! You are making raising my retirement money so easy!!!!!!! grin

Jul 13, 05 - 05:25 pm Comment from: Quevar

Just for comparison sake to the last three quarters:

2004-Q4: Apple shipped 836,000 Macintosh units and 2,016,000 iPods.
http://macdailynews.com/index.php/weblog/comments/4058/

2005-Q1: Apple shipped 1,046,000 Macintosh units and 4,580,000 iPods.
(25% increase on Macs and 127% on iPods since previous quarter)
http://macdailynews.com/index.php/weblog/comments/4709/

2005-Q2: Apple shipped 1,070,000 Macintosh units and 5,311,000 iPods.
(2% increase on Macs and 16% on iPods since previous quarter)
http://macdailynews.com/index.php/weblog/comments/5467/

2005-Q3: Apple shipped 1,182,000 Macintosh units and 6,155,000 iPods.
(10% increase on Macs and 16% on iPods since previous quarter)

This is a nice trend. I hope it keeps going. And....we're about to enter the summer back to school shopping season.

Jul 13, 05 - 05:30 pm Comment from: cw

I thought I was reading the wrong quarter results. O.K. I was ready, uummm wasn't this supossed to be the bad quarter?
With things going this good I hope Apple can get custom chips from Intel, you know, like 10 core chips-- know what I'm say'n ?

Jul 13, 05 - 05:32 pm Comment from: RePlay

Ready…
Aim…
Fire!!…Blast away folks, at those analysts!

Jul 13, 05 - 05:32 pm Comment from: iPodder

AAPL at $39.50

Jul 13, 05 - 05:36 pm Comment from: Great for Stock Options

Well, this was actually a BAD Q. It is as slow a Q as it could be. SO if Apple performs this way now, wait for back to school and last Q. smile

Jul 13, 05 - 05:39 pm Comment from: Jaxson

And of course, despite this news, the stock will plummet tomorrow...


The stock has not been as built up as it was in past quarters, I would not be surprised if it hung around 40 a share after maybe peaking at 43/44 tomorrow.

I hope I'm right, I just bought some shares at the beginning of the week tongue wink

Jul 13, 05 - 05:39 pm Comment from: 50000 AAPL minutes ago

SOLD

Jul 13, 05 - 06:21 pm Comment from: g5Mac

What the analysts miss is that people are fed up with WINTEL and can't wait to get their hands on MACTEL...... BUT, then there's the faithful waiting for that Last G5 bump to buy there next and last PowerPC Mac. It's going to be an interesting next 3 quarters.....

Oh yeah, and what's next? iPod death? I think Not....

Jul 13, 05 - 06:26 pm Comment from: g5Mac

$39.65 and climbing.....

Jul 13, 05 - 07:29 pm Comment from: Shaun

Apple.... fuckinaye, duuude[tte]s. Sweet.

PS - Count me in on that "last" G5 purchase: Buy computer, sell stock.

Jul 13, 05 - 07:29 pm Comment from: mike

Ready…
Aim…
Fire!!…Blast away folks, at those analysts!

-------

LMFAO! Amen!!

Jul 13, 05 - 08:47 pm Comment from: twdldee

It would be news if they hit $1 Bil in profit this year. That would be news. Let's hope that the iPod can continue to increase in growth, or at least keep growth stable.

Jul 13, 05 - 09:50 pm Comment from: Moe

Apple just pwned everyone. GG.

Jul 13, 05 - 11:30 pm Comment from: simple1

awhh it's amazing, how apple continues to shut em down! men that really has a nice ring to it!

MW-"usually"-They usually predict doom, and apple usually out performs! I like that trend

Jul 14, 05 - 01:05 am Comment from: Sol

Bloomberg just showed everyone how little credibility they actually have in the real world. They spread misinformation by reporting on what analysts think Apple's performance is instead of reporting the facts. Microsoft tools!

Jul 14, 05 - 01:59 am Comment from: Troll

How can Apple hope to survive with numbers like these? Company's a goner for sure. Yep. Any day now...

Jul 14, 05 - 03:18 am Comment from: notatotalsucker

Keep the new products rolling out Steve.

Mac's are gonna take a pause for a bit (waiting for Intel boxes (sounds funny writing that)), iPods are gonna take a pause (who the hell doesn't already have one or two yet?)

Need a new product! Need a new product.

(lucky I'm on Naltrexone)

Jul 14, 05 - 05:28 am Comment from: Petey

The best company in the world is getting bigger!

The more profit Apple makes the more innovative new products they are gonna roll out!

IT'S WIN WIN WIN FOR ALL MAC USERS!!

smile)))))

Jul 14, 05 - 09:07 am Comment from: Scottie

That's making a profit of $3.5 million every day! Not bad Apple!

Jul 14, 05 - 09:40 am Comment from: macnut222

"It would be news if they hit $1 Bil in profit this year. That would be news. Let's hope that the iPod can continue to increase in growth, or at least keep growth stable."

Apple will have no problem hitting $1Bn profit for FY2005. They already have made $905 million. Even if they have a lousy fourth quarter, they'll do it. As it is currently standing, Apple looks to make about $1.2 Billion of pure profit this fiscal year.

AWESOME!!

Jul 14, 05 - 09:50 am Comment from: Naraa Haras

Apple can't possibly keep this up. That's right folk, this is the beginning of the end for Apple. We can finally get past this annoying OS Wars thing and back to our mundane existence.

MW: enough as in Apple's had enough, going to sell out to Sony or Intel or someone quick.

Jul 14, 05 - 10:47 am Comment from: LordRobin

Gosh-dang-it! How can analysts make a living if Apple makes asses out of them each quarter?! Analysts need to set the bar higher. Ahem...

"I predict Apple will sell eleventy gabillion iPods and umpty-umptillion Macs. If they cannot meet these numbers, it will mean demand has stalled and the company is doomed."

There! Beat THOSE numbers, Apple!

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