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
WOOOOOOOOHOOOOOOOOOO!!!! GO APPLE!!!!! You are making raising my retirement money so easy!!!!!!!
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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.
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 ?
Ready…
Aim…
Fire!!…Blast away folks, at those analysts!
AAPL at $39.50
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.
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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
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SOLD
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….
$39.65 and climbing…..
Apple…. fuckinaye, duuude[tte]s. Sweet.
PS – Count me in on that “last” G5 purchase: Buy computer, sell stock.
Ready…
Aim…
Fire!!…Blast away folks, at those analysts!
——-
LMFAO! Amen!!
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 just pwned everyone. GG.
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
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!
How can Apple hope to survive with numbers like these? Company’s a goner for sure. Yep. Any day now…
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)
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!!
That’s making a profit of $3.5 million every day! Not bad Apple!
“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!!
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.
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!