Thursday, April 14, 2005
Strong iPod Sales Boost Apple's Quarterly Revenues
Posted by Kent Pribbernow in "NEWS" @ 12:00 PM
"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."
Good news for Apple. Both iPod and Mac sales are up, with iPod doing most of the grunt work carrying revenues forward. But you have to wonder what may (or will) happen if iPod starts losing steam in the face of increasing competition? :?
Good news for Apple. Both iPod and Mac sales are up, with iPod doing most of the grunt work carrying revenues forward. But you have to wonder what may (or will) happen if iPod starts losing steam in the face of increasing competition? :?
