Apple's April 14 Quarterly Conference Call

in General Discussion edited January 2014
CBS Marketwatch is reporting that Apple will report a 10 cents a share profit vs 4 cents last year. It should be interesting to learn about iPod mini availability and when, if asked, HP starts rolling out their version of the standard iPod. Of course Apple may say, "we don't comment on future products". G5 sales will be reported and that will be very interesting as some articles suggest the sales so far have been sluggish. The conference call will be available via Quicktime and Apple will post a url Monday or Tuesday if the past is any indication.


  • Reply 1 of 39
    torifiletorifile Posts: 4,024member
    I wonder if the analysts are going to give them a hard time for not being more ready for demand. Last quarter, Apple said they would have sold more than the 730,000 iPods if they had had the supply. This quarter.... well, I won't go into the complete lack of iPod minis in the channel. If it were just these two instances, I'd be ok with it. But Apple always seems to have a hard time filling demand for their products. I'm not sure if this a good thing or not. But it makes consumers very unhappy.
  • Reply 2 of 39
    mcqmcq Posts: 1,543member
  • Reply 3 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    Thanks for posting the URL. Today MacMinute Reports the following (which is certainly positive news):


    iPod, iBook, Panther sales seen lifting Apple earnings

    April 13, 2004 - 12:13 EDT__ Morgan Stanley has increased earning estimates for Apple, citing better-than-expected second quarter sales of iPods, iBooks and Mac OS X 10.3 (Panther). The firm raised estimates for the quarter to earnings of 10 cents per share on revenue of $1.82 billion, compared with an earlier estimate of 9 cents per share on revenue of $1.81 billion. Morgan Stanley raised fiscal 2004 earnings estimates to 49 cents per share on revenue of $7.69 billion, compared with an earlier estimate for earnings of 45 cents on revenue of $7.50 billion.

  • Reply 4 of 39
    mcqmcq Posts: 1,543member
    12 cents EPS (46 million profit) on 1.909 billion revenue, beating analyst estimates of 10 cents EPS:

    Will post some numbers after I skim through.


    Gross margin 27.8%, down from 28.3% in year ago quarter.

    PowerMac sales: 174k units, down 16% sequentially (revenue down 12% sequentially)

    iMac sales: 217k units, down 4% sequentially (revenue equal to last quarter)

    iBook sales: 207k units, equal to last quarter (revenue up 1% sequentially)

    PowerBook sales: 195k units, down 19% sequentially (revenue down 16% sequentially)

    iPod sales: 807k units, up 10% sequentially (revenue up 3% sequentially)
  • Reply 5 of 39
    evoevo Posts: 198member

    Apple Computer, Inc.

    Q2'04 Unaudited Summary Data

    Q1'04 Actual Q2'03 Actual Q2'04 Actual

    Units Rev Units Rev Units Rev

    k $m k $m k $m

    Product Summary

    iMac (1) 227 $251 256 $302 217 $252

    iBook 201 221 133 151 201 223

    Power Mac (2) 206 398 156 293 174 349

    PowerBook 195 399 166 353 157 336

    Subtotal CPUs 829 1,269 711 1,099 749 1,160

    iPod 733 256 80 31 807 264

    Peripherals & Other HW NM 243 NM 185 NM 272

    Software & Other NM 238 NM 160 NM 213

    Total Apple $2,006 $1,475 $1,909

    Sequential Change Year/Year Change

    Units Revenue Units Revenue

    Product Summary

    iMac (1) -4% 0% -15% -17%

    iBook 0% 1% 51% 48%

    Power Mac (2) -16% -12% 12% 19%

    PowerBook -19% -16% -5% -5%

    Subtotal CPUs -10% -9% 5% 6%

    iPod 10% 3% 909% 752%

    Peripherals & Other HW NM 12% NM 47%

    Software & Other NM -11% NM 33%

    Total Apple -5% 29%

  • Reply 6 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    More from press release:

    Earnings per Share Triples

    iPod Shipments Grow Over 900 Percent

    CUPERTINO, Calif., April 14 /PRNewswire-FirstCall/ -- Apple(R) today

    announced financial results for its fiscal 2004 second quarter ended March 27,

    2004. For the quarter, the Company posted a net profit of $46 million, or $.12

    per diluted share. These results compare to a net profit of $14 million, or

    $.04 per diluted share, in the year-ago quarter. Revenue for the quarter was

    $1.909 billion, up 29 percent from the year-ago quarter. Gross margin was 27.8

    percent, down from 28.3 percent in the year-ago quarter. International sales

    accounted for 43 percent of the quarter's revenue.

    The quarter's results include an after-tax restructuring charge of $7

    million. Excluding this charge, the Company's net profit for the quarter would

    have been $53 million, or $.14 per diluted share.

    Apple shipped 749 thousand Macintosh(R) units and 807 thousand iPods

    during the quarter, representing a 5 percent increase in CPU units and a 909

    percent increase in iPods over the year-ago quarter.

    "Apple had a great quarter with 29 percent revenue growth and 200 percent

    earnings per share growth year-over-year," said Steve Jobs, Apple's CEO. "We

    experienced growth in most areas of our business-most dramatically in selling

    a record 807,000 iPods, up more than 900 percent over the prior year."

    "We are very pleased with our third straight quarter of double-digit

    revenue growth," said Fred Anderson, Apple's CFO. "More importantly our

    results demonstrate operating margin expansion. Our balance sheet remains very

    strong with about $4.6 billion in cash and no debt. Looking ahead to the third

    quarter of fiscal 2004, we expect our fourth consecutive quarter of year-over-

    year double-digit growth in both revenue and earnings, with revenue of about

    $1.925 billion. We expect GAAP earnings per diluted share of $.12 to $.13,

    including approximately $.02 per diluted share in restructuring charges."

    Non-GAAP Measures

    The Company believes that presentation of results excluding items such as

    restructuring charges and investment gains provides meaningful supplemental

    information to both management and investors that is indicative of the

    Company's core operating results.

    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 2004 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 14, 2004 at and will also be available

    for replay. The QuickTime player is available free for Macintosh and Windows

    users at .

    This press release contains forward-looking statements about the Company's

    estimated revenue and earnings for the third quarter of fiscal 2004. These

    statements involve risks and uncertainties and actual results may differ.

    Potential risks and uncertainties include continued competitive pressures in

    the marketplace; the effect competitive and economic factors and the Company's

    reaction to them may have on consumer and business buying decisions with

    respect to the Company's products; the ability of the Company to make timely

    delivery of new programs, products and successful technological innovations to

    the marketplace; the continued availability of certain components and services

    essential to the Company's business currently obtained by the Company from

    sole or limited sources; possible disruption in commercial activities caused

    by terrorist activity and armed conflict, such as changes in logistics and

    security arrangements, and reduced end-user purchases relative to

    expectations; possible disruption in commercial activity as a result of major

    health concerns, such as Severe Acute Respiratory Syndrome (SARS); risks

    associated with the Company's retail initiative including significant

    investment cost, uncertain consumer acceptance and potential impact on

    existing reseller relationships; the effect that the Company's dependency on

    manufacturing and logistics services provided by third-parties may have on the

    quality or quantity of products manufactured; the Company's reliance on the

    availability of third-party music content, and the ability of the Company to

    successfully evolve its operating system and attract sufficient Macintosh

    developers. More information on potential factors that could affect the

    Company's financial results is included from time to time in the Company's

    public reports filed with the SEC, including the Company's Form 10-K for the

    fiscal year 2003, the Company's Form 10-Q for the quarter ended December 27,

    2003, and the Company's Form 10-Q for the quarter ended March 27, 2004 to be

    filed with the SEC. The Company assumes no obligation to update any forward-

    looking statements or information, which speak as of their respective dates.

    NOTE: Apple, the Apple logo, Mac, Mac OS, Macintosh, iPod and QuickTime

    are either registered trademarks or trademarks of Apple. Other company and

    product names may be trademarks of their respective owners.

  • Reply 7 of 39
    mcqmcq Posts: 1,543member
    On that note, Apple's up $2.35 right now in after hours trading.

    Seems like a pretty solid quarter for Apple... imagine if they actually got iPod mini shipments out in full force and had one or two product updates.
  • Reply 8 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    Not being the biggest quarter for computer sales they did pretty darn good. Of course, some will whine (and dine) but aftermarket increase in share price is good news. It very rarely happens to Apple, even after good quarterly results. Zoooooooooooooom!
  • Reply 9 of 39
    ast3r3xast3r3x Posts: 5,012member
    Market does close at 4 EST right, because I just refreshed at 5:05 and it moved up from a couple min go.

    5:07 $2.38
  • Reply 10 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    It's 5: 15 EST and the analyst meeting still hasn't begun or Quicktime isn't working?
  • Reply 11 of 39
    jadejade Posts: 379member

    Originally posted by MacsRGood4U

    It's 5: 15 EST and the analyst meeting still hasn't begun or Quicktime isn't working?

    It is on, try it again.
  • Reply 12 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    Weird. I'm logging in to the site and clicking on "Listen now" but nothing's happening. Maybe I need to check my QT settings.... Ugh.
  • Reply 13 of 39
    amorphamorph Posts: 7,112member
    I can't get more than 1-2 seconds of audio despite repeated attempts, so those of us who just can't get a break will have to read the reports of those lucky people who did.


    Based on MacCentral's coverage, there are some real humdingers in this call.

    1) It looks like Apple would have shipped 16,000 Xserves this quarter if they didn't have to delay them. That's a really solid number.

    2) Japan sales down 21 percent. This is after the Ginza store opens? Anyone in Japan care to speculate?

    3) Confirmed: PMG5 sales were less than stellar. Expect Apple to go back to being as completely shrouded in secrecy as possible. iMac sales are actually holding steady.

    4) 12,000 distributors/retailers, up from 8,000 last year, and most of those overseas. Wow! Any comments from folks outside the US?

    5) Overall Edu sales up 10% on higher ed sales alone. They must be making serious inroads back into higher ed.

    6) IBM catches up to Xserve demand next quarter. Apple catches up to iPod mini demand (incl. the international market) in (Apple's) Q4, ending October! Yowch!

    7) 13% of sales to SMBs, up from 10% last quarter and 5% this time last year. The small business initiative is showing results.

  • Reply 14 of 39
    kickahakickaha Posts: 8,760member
    Good lord. AAPL at 29.20 and rising.

  • Reply 15 of 39
    ast3r3xast3r3x Posts: 5,012member
    IBM is the G5 bottleneck!
  • Reply 16 of 39
    majormattmajormatt Posts: 1,077member
    Ach! Ya, I caught that. Something to the affect,

    "Is IBM the problem on the 90 nm for the x-serves?"


  • Reply 17 of 39
    ipodandimacipodandimac Posts: 3,273member

    Originally posted by Kickaha

    Good lord. AAPL at 29.20 and rising.


    shit! when did it hit that and why is it so low now??? damn my busy schedule today!
  • Reply 18 of 39
    messiahtoshmessiahtosh Posts: 1,754member
    Next quarter = 1,000,000+ iPods sold....I would bet on it.
  • Reply 19 of 39
    gabidgabid Posts: 477member
    Someone just asked about Japan. Seems that the Ginza store numbers aren`t part of the 21% drop. Still, they are not happy with the overall Japanese numbers. "Lots of personal energy" is being put into Japan.

    Someone also asked about the iPod mini static rumours. The Apple folk conceded hearing the same stories but didn't seem too worked up about them (that's pure interpretation on my part though).
  • Reply 20 of 39
    macsrgood4umacsrgood4u Posts: 3,007member
    Yup. Quicktime is not working here in Florida. Akami (sp.?) must be at fault. Glad to hear the mini problem is not systemic. Just got word a return carton is on its way to me from Apple to replace my "crackling mini".

    UPDATE: Now working.
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