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? 
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
Damn!!
And of course, despite this news, the stock will plummet tomorrow…
Beat the streat!
Wow….
WOW
indeed the iPod has reached a plateau and the Mac is not selling.
Well done anal-ysts.
Naysayers will now go hide under a rock for the next three months.
Wow. That’s really impressive.
wooooooooooooooo!!!!!!!
PlaysForWho?
WOWOWOW
that’s over $10,000 profit on my shares alone!
Eat that NON-BELIEVERS.
Dude, I’m getting a Dell.
….in a related story, Michael Dell called up Steve Jobs and asked if he could borrow a million or two……
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”
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.
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???)
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.
Dear Bloomberg, Scott Morrison, Monica Rivituso, et al:
Analyze this, suckers! You nitwits are worse than Baghdad Bob.
Eat sh*t analysts! hahaha
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.
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.
“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.
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.
AAPL over $39 already in after-hours. Expect back to $40.
Well done! Apple engineers. You guys ROCK!
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.
“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!