Apple today announced financial results for its fiscal 2005 first quarter ended December 25, 2004. For the quarter, the Company posted a net profit of $295 million, or $.70 per diluted share. 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 Macintosh 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 in the press release. “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 in the press release. “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.”
Apple will provide live streaming of its Q1 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. PST on Wednesday, January 12, 2005 at http://www.apple.com/quicktime/qtv/earningsq105/ and will also be available for replay.
In Q1 – 2005 Apple unit shipments:
456,000 – iMac, eMac (vs. Q1 – 2004: 227,000, +101%)
271,000 – iBook (vs. Q1 – 2004: 201,000, +35%)
167,000 – Power Mac, Xserve (vs. Q1 – 2004: 206,000, -19%)
152,000 – PowerBook (vs. Q1 – 2004: 195,000, -22%)
4,580,000 – iPod, iPod mini (vs. Q1 – 2004: 733,000, +525%)
Detailed info here.
Not surprised in the least. Now let’s have a breakdown of which Macs sold what.
Thanks very much
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Loving this ride!
R
You’ll love it even more tomorrow. AAPL just went over $73 a share in after hours trading
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OMG!!!
Apple stock is on Viagra.
NICE!!
Damn
NICE!!!
Damn
Don’t know what to say. MAc sales up 26% y/y.
Can’t wait until a year from now. Hopefully with Mac Mini things can turn even more. Lets see a Mac Mini sale of 100,000 at next quartly report. and steady or increased sales of other macs.
“LATER” as in sooner or later people will get it.
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So who here thinks that they’ll sell a million mac minis a quarter at least once this year. I do, I think they just might. Especially when the reviews start to hit and product actually gets delivered. Might be a nice pool to start up. How many Mac minis will Apple sell this year? Keep a running chart of all the Mac sites out there and there predictions.
A few weeks ago I predicted $3.5 Bil revenue (actually rounded up from $3.493 Bil. So I got that part right. I also predicted $.56/share profit, which was way higher than any pro analyst but still way below actual. I factored in more slightly iPods and way less CPUs than actually were sold. I would guess that’s why my EPS figure was off, right?
At an industry standard multiplier of 35 and a projected 2005 EPS of $2.75 (my figure) I’d say we’re looking at a share price target of about $96.25 at this point. What do you think?
So where is Turdrott and his predictions of doom and gloom now???
Way way way cool. I saw the Mac mini and sold 3 stocks to buy more AAPL. Wish it was more but at least I am in on it a bit. (I also wish I would have done that a LOT earlier but what are ya gonna do? At least this time I am not totally in the “I wish I woulda” department.
Turdott is actually still formulating his smartass response to Mac mini, largely because – as of Monday – his “expert” prognostication was�
[I]I wish Apple would spend more effort making its Mac successful, but honestly, I don’t expect an inexpensive iMac out of Macworld. Instead, the company will likely release a device (or devices) that build off the success of the iPod, and are only passingly Mac related. The future of Apple, clearly, is in consumer electronics, and not in computing. That said, I expect Apple to wow us this week as usual.[/I]
So, to recap: –
No inexpensive iMac!
Release a device that builds on success of iPod and are only passingly Mac-related.
So, the Mac mini obviously doesn’t exist.
And the iPod shuffle is only passingly related to a Macintosh.
Also, Apple didn’t release iLife 05 or iWork
The man is a buffoon�
Interestingly though, there’s a decrease in sales of Powerbooks and PowerMacs, which are the high end Macs. There was an increase in the low end mac sales, however (iBooks, eMacs, and iMacs). It is true that major revisions of the line occurred right before last year, which explains their increases then and subsequent decreases now. But it could also signal the importance of the low-end Mac in today’s market. This means good news for the Mac mini.
My MDN word is closed… Does that refer to the closed nature of iTunes or is this a phantom look at what the future might (sadly) hold if the Mac Mini doesn’t catch?
The powermacs are too expensive for most people. I would buy one if I could afford it. I think if they drop the price a wee bit it would help with sales. But face it 2500 for the machine and 1000 at least for the display – that’s a lot of wonga dude!
The PBs are great but a long in the tooth. A lot of people arer holding out for the G5 version. Could be a long wait. Again Apple could sell more if they drop the price by 200 bucks. Is it worth it for them – I dunno
After looking at the numbers more closely, it seems as if the iMac G5 has eaten into the G5 tower sales. I wonder what Apple is going to do to invigorate the sales of the G5 tower?
the way to invigorate PowerMac/Xserve sales is by making more inroads in Corporation and displace Microsoft out of Enterprise.
So it boils down to the fact that they sold way more iMac G5’s than anyone projected. That bodes well for the Mac Mini. I’ve already sent two friends to the Apple store to buy them. I just bought a Powermac tower G5 for both me and my wife in November, mainly because I found two demo models on sale and because I wanted the upgradability, otherwise they would have been iMac G5’s. I would probably have bought three Mac Mini’s had they been available, one extra for the kids. We have an attic full of decent VGA monitors and a whole box of keyboards that work. A decent mouse is only $20.
Since I bought my AAPL at <$15 I figure I’m playing with house money at this point.
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“Lets see a Mac Mini sale of 100,000 at next quartly report. and steady or increased sales of other macs.”
You gotta be kidding. This is one case where I think you are seriously understimating Apple.
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I expect Apple to announce 100K orders for the mini in the first week alone, and end up selling at least 400K for teh quarter.
Let’s hope, though, that the rest of the consuemr line (iBook, iMac, eMac) sees some modest but smartly timed price cuts to prevent too much cannibalization.
Mac mini prediction:
500,000 this quarter, ASSUMING adequate supply.
Marketshare prediction:
At least 5%, probably 6%, by the end of 2005, up from 2.9 or so.
Magic word is “makes”–as in, this “makes” me very happy…
Cheers!
Ok, good, if not great numbers overall, but….
A 20% drop in PowerMac sales is a tad scary. This is partly the 3Ghz issue I reckon, as people are now probably waiting for these, feeling they’re “just around the corner” (I know I am, although we got an iMac G5 anyway
” width=”19″ height=”19″ alt=”smile” style=”border:0;” /> Once 3Ghz ships, they’ll sell a few more boxes. More drive bays would be good too, for a 2nd optical drive for example.
XServes are a very good server solution, but I’m not convinced 2-way is powerful enough for certain applications. I’d be surprised if they’re not working on 4, 8 or even 16 way XServes. Oracle is now available, and will work very well with such configurations. As will render farms and multi-node supercomputers like Virginia Tech’s. Depends on how serious they intend to become in the server area.
The PowerBook drop is pretty scary. Why did this happen? Perhaps the value isn’t there anymore? The other issue is the speed – it hasn’t increased a great deal. Next stop should be 2Ghz, perhaps a small increase in screen resolution as well, or even something crazy like dual CPU’s.
“167,000 – Power Mac, Xserve (vs. Q1 – 2004: 206,000, -19%)
152,000 – PowerBook (vs. Q1 – 2004: 195,000, -22%)”
No matter how one sugar coats it, that is really bad news.
Will Apple slowly drop high end and move low end????
Everything $499 or less iPods and Macs….
Actually, I’m so duh; perhaps people are hanging out for the G5 Powerbook which has affected PowerBook sales?
Gulp – I think people are holding out for faster, faster faster!
Either that or they’re tired of getting perceived lousy value at the top end. I inclined to think they’re waiting for the faster stuff.
Gulp, People are waiting for the G5 Powerbook and that is affecting sales. I know I have been holding out.
As Apple gains even more mindshare and PCers actually find out how great OS X is, they will be upgrading in the future. Also as some IT guys buy the Mac mini on a whim and love it you will be seeing more entries into the enterprise market. The wheels are in motion and it is Just a matter of time.