[DM-MUG] Apple's 2nd Quarter results great
Victoria L. Herring
dmmug@dmmug.org
Wed, 13 Apr 2005 17:18:18 -0500
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CUPERTINO, Calif., April 13, 2005 /PRNewswire-FirstCall via COMTEX/
-- Apple(R) 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(R) 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. "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.
"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(TM), 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. The QuickTime player is available free for
Macintosh and Windows users at www.apple.com/quicktime.
--
Victoria L. Herring, Attorney, Civil Rights, Discrimination &
Employment Law, <http://www.HerringLaw.com>; Travel research and
planning, <http://www.JourneyZing.com>; Des Moines, Iowa,
515-255-4475.
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great</title></head><body>
<div><font face="Arial" size="-1" color="#000000">CUPERTINO, Calif.,
April 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- Apple(R) 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.<br>
<br>
Apple shipped 1,070,000 Macintosh(R) 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.<br>
<br>
"We are delighted to report a record second quarter for
Apple in both revenue and earnings," said Steve Jobs, Apple's
CEO. "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."<br>
<br>
"We're very pleased to report 70 percent revenue growth and
a 530 percent increase in net income," said Peter Oppenheimer,
Apple's CFO. "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."<br>
<br>
Apple will provide live streaming of its Q2 2005 financial
results conference call utilizing QuickTime(TM), 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. The QuickTime player is available
free for Macintosh and Windows users at
www.apple.com/quicktime.</font></div>
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<div><font face="Palatino" color="#000000">Victoria L. Herring,
Attorney, Civil Rights, Discrimination & Employment Law,
<http://www.HerringLaw.com>; Travel research and planning,
<http://www.JourneyZing.com>; Des Moines, Iowa,
515-255-4475.</font></div>
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