Apple 2nd Qtr Results Here!
Apple made 14 million in the quarter. Revenues were down 1% from a year ago. Gross margins were up. Sales on laptops were up. 4 cents a share against street estimates of 2 cents. In this economy they did good!
CUPERTINO, Calif., April 16 /PRNewswire-FirstCall/ --
Apple(R) (Nasdaq: AAPL) today announced financial results for its fiscal 2003
second quarter ended March 29, 2003. For the quarter, the Company posted a net
profit of $14 million, or $.04 per diluted share. These results compare to a
net profit of $40 million, or $.11 per diluted share, in the year-ago quarter.
Revenues for the quarter were $1.475 billion, down 1 percent from the year-ago
quarter, and gross margins were 28.3 percent, up from 27.4 percent in the
year-ago quarter. International sales accounted for 47 percent of the
quarter's revenues.
Apple shipped 711,000 Macintosh(R) units during the quarter.
"Our 'year of the notebook' is off to a great start, led by the incredible
demand for our new aluminum 12-inch and 17-inch PowerBook G4s," said Steve
Jobs, Apple's CEO. "This quarter over 40 percent of the Macs we shipped were
notebooks -- our highest percentage ever and well ahead of the industry
average."
"We are very pleased to have achieved our revenue target for the second
quarter while maintaining channel inventories under 4.5 weeks," said Fred
Anderson, Apple's CFO. "Continued strong asset management enabled us to
increase cash to over $4.5 billion. Looking ahead to the third quarter of
2003, we expect revenue to be relatively flat with the March quarter and
expect a slight profit for the quarter."
Apple ignited the personal computer revolution in the 1970s with the Apple
II and reinvented the personal computer in the 1980s with the Macintosh. Apple
is committed to bringing the best personal computing experience to students,
educators, creative professionals and consumers around the world through its
innovative hardware, software and Internet offerings.
Apple will provide live streaming of its Q2 2003 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 16, 2003 at
http://www.apple.com/quicktime/qtv/earningsq203/ and will also be available
for replay. The QuickTime player is available free for Macintosh and Windows
users at http://www.apple.com/quicktime .
CUPERTINO, Calif., April 16 /PRNewswire-FirstCall/ --
Apple(R) (Nasdaq: AAPL) today announced financial results for its fiscal 2003
second quarter ended March 29, 2003. For the quarter, the Company posted a net
profit of $14 million, or $.04 per diluted share. These results compare to a
net profit of $40 million, or $.11 per diluted share, in the year-ago quarter.
Revenues for the quarter were $1.475 billion, down 1 percent from the year-ago
quarter, and gross margins were 28.3 percent, up from 27.4 percent in the
year-ago quarter. International sales accounted for 47 percent of the
quarter's revenues.
Apple shipped 711,000 Macintosh(R) units during the quarter.
"Our 'year of the notebook' is off to a great start, led by the incredible
demand for our new aluminum 12-inch and 17-inch PowerBook G4s," said Steve
Jobs, Apple's CEO. "This quarter over 40 percent of the Macs we shipped were
notebooks -- our highest percentage ever and well ahead of the industry
average."
"We are very pleased to have achieved our revenue target for the second
quarter while maintaining channel inventories under 4.5 weeks," said Fred
Anderson, Apple's CFO. "Continued strong asset management enabled us to
increase cash to over $4.5 billion. Looking ahead to the third quarter of
2003, we expect revenue to be relatively flat with the March quarter and
expect a slight profit for the quarter."
Apple ignited the personal computer revolution in the 1970s with the Apple
II and reinvented the personal computer in the 1980s with the Macintosh. Apple
is committed to bringing the best personal computing experience to students,
educators, creative professionals and consumers around the world through its
innovative hardware, software and Internet offerings.
Apple will provide live streaming of its Q2 2003 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 16, 2003 at
http://www.apple.com/quicktime/qtv/earningsq203/ and will also be available
for replay. The QuickTime player is available free for Macintosh and Windows
users at http://www.apple.com/quicktime .
Comments
By doing these I guarantee their sales will get triple
Data Summary
Both linked from Hot News (apple.com)
Okay, it's 15 after 5, still silent on the audio broadcast....
Also, while you are bored and waiting with me.... CNN's article.
Since I am still bored... try this story at CNN... Apple is NOT buying Universal
Here is another, same as the above. Steve denys bids.
"Acquring music content?" "No comment."
Ooh, Fred just zinged Quark for contributing to slower PowerMac sales.
Screed
Mac central is giving a fun play by play....
http://maccentral.macworld.com/news/...iveconference/
"Apple Reports Second Quarter Results" PRNewswire-FirstCall ["For the quarter, the Company posted a net profit of $14 million, or $.04 per diluted share."] 3:38 PM
"Laptop sales lift Apple earnings: Buoyed by strong laptop sales, Apple Computer on Wednesday posted second-quarter earnings and sales that narrowly topped analysts estimates." CNET News.com 3:58 PM
"Apple Posts Lower Second-Quarter Profit" Reuters 4:11 PM
"Apple's 2Q profit tumbles: Computer maker's earnings slide, but top forecasts, on almost flat sales." Reuters 3:49 PM
"Apple posts $14 million net profit, doubling expectations" Associated Press 4:24 PM
"Apple's lower profit tops forecasts" CBS MarketWatch 4:11 PM
"Interest Gives Apple a Boost" TheStreet.com 4:16 PM
"Revenue, profits fall for Apple" Silicon Valley/San Jose Business Journal 4:19 PM
"Apple upbeat despite profit dip: Computer maker Apple has reported a 65% dip in quarterly profits." BBC 4:01 PM
"Apple earnings fall 65%" The Globe and Mail 3:49 PM
"Apple Reports Lower Profit, Denies It Made Music Offer" Dow Jones [Free Membership Required] 4:11 PM
"Apple profits, revenue down, but ahead of estimates" IDG News Service 4:24 PM
"Apple announces net profit of $14 million for fiscal 2003 second quarter" MacDailyNews 3:45 PM
"Apple reports profit of $14 million" MacCentral 3:51 PM
"Apple Q2 earnings beat Wall Street forecasts, driven by notebook PC sales" AFX-Focus 4:00 PM
"Apple Q2 EPS 4 cents vs 11" AFX-Focus 4:00 PM
"Apple 2Q EPS 4 Cents" Dow Jones [Free Membership Required] 4:10 PM
Power Macs -- 156,000 units, down 26 percent from year ago quarter. Creative segment hit by bad economy, said Anderson.
82,000 units of 12 inch PowerBooks sold. 70,000 15 inch PowerBooks sold. 14,000 17 inch units shipped, with a "substantial backlog" at the end of quarter.
256,000 iMacs shipped. 41,000 CRT, 86,000 eMacs, 129,000 flat panels. iBook sales were down thanks to 12 inch PowerBooks. 166,000 PowerBooks shipped -- strong demand for all three models.
42 percent of units shipped were portables -- a new record. Unit shipments were down 13 percent overall. Revenue per system jumped thanks to "beyond the box" purchases -- iLife, Keynote and Final Cut Express, in particular.
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The 12" PB seems to be doing quite well, and has filled in a nice niche that was sorely lacking. I wonder how many 17" PB have been shipped since the end of the quarter... would be a good profit source for Apple.
Why didn't an analyst ask about the dry up of iPods for the past 3 months?
iPods are still available .... only the 5 gig model is hard to find. There has been no "dry up" of the other iPods. Get your facts correct. New models are coming.
Originally posted by Leonis
Get the 970 based tower now and make the consumer models more reasonably priced
By doing these I guarantee their sales will get triple
Nuf said. Apple just needs to get the iPods out, the music server out, the 970 in PMs, lower consumer prices and their sales will be outstanding. Plus, I forgot, Panther.
Originally posted by MacsRGood4U
iPods are still available .... only the 5 gig model is hard to find. There has been no "dry up" of the other iPods. Get your facts correct. New models are coming.
you always speak as if your word is the ultimate truth.
iPods were dried up and have been. I have walked into many CompUSAs and Apple Stores and them not have a 10GB or a 20GB.
Originally posted by applenut
you always speak as if your word is the ultimate truth.
iPods were dried up and have been. I have walked into many CompUSAs and Apple Stores and them not have a 10GB or a 20GB.
Thank you! I was gonna say that, but you beat me to it.
On another subject. An Apple exec mentioned in the analyst conference that TFT prices were starting to "inch up" again. Demand is once again outstripping supply - at least on high quality displays.
Originally posted by MacsRGood4U
Apple shipped 711,000 Macintosh(R) units during the quarter.
Apple is growing smaller and smaller. I suspect Apple will sell far less than 3.2 million units this year, and with a slightly growing PC market (current estimates is 142 million units, IIRC), Apple marketshare is set to fall below 2.3 %.