Apple Q2-05 Report
April 13, 2005 @ 06:03 AMBecause 80% of my invested cash is consolidated in Apple stock at the moment, these quarterly earnings reports are a huge deal to me, either good or bad. Thankfully, they’ve been good for the last year or so. I’m listening to the conference call and will update you with more specifics as I hear them.
2:03pm:
Apple posted a net profit of $290 million, a 500% increase from the same quarter a year ago (up from $46m).
Gross revenue was up 70% to $3.24 billion from the year-ago quarter. 1,070,000 Macintosh units were shipped, a 43% increase from the year-ago quarter. 5,311,000 iPods shipped (558% increase from the year-ago quarter, also up from the 4,500,000 iPods shipped during the HOLIDAY quarter.)
Gross margin was up a couple points to 29.8%.
Highest Q2 gross and net revenue in Apple’s history.
Macintosh Business: 608,000 total desktops 462,000 portables
Music Business: 43% share of the Flash-based MP3 player market for February (no March numbers available). Continued 70% iTunes Music Store market share
Retail Store: 13,000,000 visitors to Apple Stores in Q2. 125 stores at the end of FY05.
Japan and Europe revenues up over 70%.
$7.057 in cash holdings, up over $600 million.
Next quarter estimates: $3.25 billion.
iPod supply-demand almost at equal levels by end of quarter. iLife ‘05, iWork ‘05 very successful.
Total Music Player market share (Hard drive and flash) increased from 64% to 70%. Hard Drive player market share retreated slightly from 92% to 90% as the flash-based Shuffle increased.