Investors will be looking to Apple Computer today for more good news about the area’s technology sector. Apple releases its earnings report after the markets close today. Analysts are expecting Sunnyvale-based [sic] Apple to post a profit of 24 cents a share on revenues of US $3.18 billion dollars.
MacDailyNews Note: Apple Computer, Inc. is based in Cupertino, CA.
“That’s far ahead of Apple’s own outlook; in January, Apple predicted it would earn 20 cents a share in its just-completed quarter, on $2.9 billion in sales,” Troy Wolverton reports for TheStreet.com. “Assuming the company hits even the lower target, it would mark a considerable improvement from the year-ago period, when Apple earned $46 million, or about 6 cents a share, on $1.9 billion in sales.”
Apple’s quarterly conference call webcast to discuss 2nd Quarter 2005 financial results will begin at 2pm PT/5pm ET today. Apple’s fiscal year 2005 runs from September 26, 2004 to September 24, 2005. To attend the conference call, QuickTime is required.
More info and link to webcast here.
MacDailyNews Take: Our third, and last, reminder — even though it won’t stop the “Mac mini is a failure” articles reported with barely-contained glee from the usual suspects — Mac mini unit sales for the current quarter are constrained as Apple ramps up production from various reports. Estimates on the high end for Mac mini unit shipments range from around 150,000 units (Credit Suisse First Boston) to 200,000 units (Banc of America) for this quarter. The real story of the Mac mini won’t actually become clear until later this year.
Related MacDailyNews articles:
Banc of America: Apple will sell ‘below 250,000’ Mac mini units this quarter – February 25, 2005
Apple Q2 Macintosh shipments expected to outpace personal computer industry – March 15, 2005
When did Apple move to Sunnyvale? No disrespect intended, but have things gotten to the point where Infinite Loop had to be stuck on a trailer and moved slightly to the north so Apple employees could have access to the strip malls on El Camino.
Was wondering that myself.
Even us Canadians know the difference between Sunnyvale and Cuppertino.
… and even we do
They moved again, this time to Sunnyvale? Damn, I’d just read this morning that they’d become an “entertainment gear company” and moved to “Cappucino”
I guess things move pretty fast. Or there are a lot of slow “journalists” out there.
Don’t believe anything you read unless it comes from me.
Why does it take so long to ramp up production? Why not ramp up earlier (like, maybe before the product is released?) If they don’t know a product is going to be a hit, isn’t this marketing’s fault? Isn’t this what they’re paid to work out? Huh? Isn’t it?
If they had as good marketers as computer scientists, the company wouldn’t be in this wait until we “ramp up production” situation, yet again. This happens all of the time. And it’s not Steve, b/c this happened when he wasn’t there either.
Or is it a slightly smarter ploy by the marketers (?) so that it all “evens out” over the year… so you don’t have really great quarters and then really bad quarters b/c there’s nothing left to buy, then really great quarters again when you release a great new product again.
I don’t really know, but I am getting sick of hearing that they have a production shortfall. Coupled with “new product unavailability for 2 months after launch” issues which happen all of the time as well, this is quite annoying (other companies seem to do ok announcing a product and say “We’re shipping this in 2 months”, why can’t Apple? (the exception is Microsoft who ship 2 YEARS later, if at all.)
Magic word is “Trouble”… possibly appropriate. We’ll have to see.
Sales figures-
PowerMac will report at the same rate as the last quarter.
iMac G5 higher than last quarter due to increased supply.
Mac mini sales will be supply constrained.
PowerBook sales will flat to slightly down from last quarter.
iBook sales will be in-line with the last quarter.
X-Server line will show a modest increase in sales.
iPod sales will be inline with predictions.
iTunes Music Store Sales will be above expectations.
Apple Software will be above expectations.
FileMaker will be above guidance.
PowerSchool will be in-line with expectations.
Retail will show a modest increase since last quarter.
International sales will be up.