Apple today announced financial results for its fiscal 2005 second quarter ended March 26, 2005. For the quarter, the Company posted a net profit of $290 million, or $.34 per diluted share. These results compare to a net profit of $46 million, or $.06 per diluted share, in the year-ago quarter. Revenue for the quarter was $3.24 billion, up 70 percent from the year-ago quarter. Gross margin was 29.8 percent, up from 27.8 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.
Apple shipped 1,070,000 Macintosh units and 5,311,000 iPods during the quarter, representing a 43 percent increase in CPU units and a 558 percent increase in iPods over the year-ago quarter.
“We are delighted to report a record second quarter for Apple in both revenue and earnings,” said Steve Jobs, Apple’s CEO in the press release. “Apple is firing on all cylinders and we have some incredible new products in the pipeline for the coming year, starting with Mac OS X Tiger later this month.”
“We’re very pleased to report 70 percent revenue growth and a 530 percent increase in net income,” said Peter Oppenheimer, Apple’s CFO in the press release. “Looking ahead to the third quarter of fiscal 2005, we expect revenue of about $3.25 billion and earnings per diluted share of about $.28.”
Apple will provide live streaming of its Q2 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, April 13, 2005 at http://www.apple.com/quicktime/qtv/earningsq205/ and will also be available for replay.
MacDailyNews Note: Analysts surveyed by Thomson First Call had forecast Apple to earn 24 cents a share on $3.21 billion in revenue.
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Apple Q2 2005 Macintosh and iPod unit results – April 13, 2005
I guess those analysts got it wrong….again.
“Analysts immediately warned that those expecting 35 cent per share earnings were going to be very disappointed.”
first Post ???
That is a huge number the bigest est I was as arounf 28 per share that is huge for apple
go go apple
Dam!!!!!!!!!! just onec I would like to get first post……
Any analyst who issued pessimistic guidance was doing one thing: intentionally depressing the stock so they could buy it up cheap. It’s manipulating the market, the power that these ‘analysts’ have: to profit from their influence. You don’t profit from influence from hyping stocks; you profit by underhyping stocks you know are going to do really well.
Anyone who spent a few minutes in a Apple store on a weekend knew that Apple was going to kick ass this quarter.
A good day for me today… I also got my free iPod from the pepsi sweepstakes this morning.
Why is AAPL stock taking another huge dump in after hours trading then?
excellent!
Of course you all realize now that Apple is going down and on it’s last breath. Pitiful company.
PS. It always amazes me how some people don’t seem to know what sarcasm is.
Re: Ploughboy John
Because people are stupid?
Damn, these numbers are good. Not sure why Apple is down in after hour trading – I’d guess brain freeze on part of traders.
I think the stock will jump tomorrow once people have absorbed the significance of the numbers.
Those who can trade after hours know that pretty soon, people are going to be buying in. They’re taking some quick profits.
Wish I could…
Heroin,
I agree.
Ploughboy John,
read Heroin’s post for the answer to your question!
> Why is AAPL stock taking another huge dump in after hours trading then?
old Wall Street adage: buy on rumour, sell on news
nothing to do with Apple specifically
>I guess those analysts got it wrong….again.>
That’s why they’re called Anal lists
Stock prices rise when people Buy the stock. Those who are so-called “dumping” are taking their money and running. Once the dust settles from their stampede, the institutions will come in and buy up the cheaper shares which will send the stock price higher. If people would look at the numbers, they would be buying AAPL for the longer term.
Factor out the $7.05 billion in cash and your PE looks pretty damn impressive……
“Apple beats The Street;……”
So whats new?
“Caris & Co analyst downgrades Apple, says ‘current enthusiasm might have overrun the realities’…..”
yes – right now, I’d feel like a dickhead too.
Heh. These articles are to the MDN Mac-hating trolls what light is to cockroaches. Makes them all scatter and disappear.
This may all look good on the surface but Apple is still losing market share. While they improve their own numbers, they are not growing at the same rate as the other companies. Look at the big picture, you morons.