Apple reports record setting quarterly results

Posted:
in General Discussion edited January 2014
Apple today announced financial results for its fiscal 2005 fourth quarter ended September 24, 2005, reporting the highest revenue and earnings in the company's history.



The Mac and iPod maker posted revenue of $3.68 billion and a net quarterly profit of $430 million, or $.50 per diluted share. These results compare to revenue of $2.35 billion and a net profit of $106 million, or $.13 per diluted share, in the year-ago quarter. Gross margin was 28.1 percent, up from 27.0 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.



Earnings per share benefited by $.12 from several tax items related to net deferred tax assets, tax reserves, and a revision to the full year tax rate estimated in prior quarters.



Apple shipped 1,236,000 Macintosh units and 6,451,000 iPods during the quarter, representing 48 percent growth in Macs and 220 percent growth in iPods over the year-ago quarter.



For fiscal 2005, the Company generated revenue of $13.93 billion and a net profit of $1.335 billion, reflecting annual growth of 68 percent and 384 percent, respectively, and representing the highest annual revenue and net profit in the Company's history.



"We're thrilled to have concluded the best year in Apple's history, with 68 percent year-over-year revenue growth and 384 percent net profit growth," said Steve Jobs, Apple's CEO. "This is the direct result of our focus on innovation and the immense talent and creativity at Apple. We could not be more excited about the new products we're working on for 2006."



"We're very pleased to report 48 percent year-over-year growth in Mac shipments in Q4, as well as our 10th consecutive quarter of record iPod sales," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the first quarter of fiscal 2006 which will span 14 weeks, we expect revenue of about $4.7 billion. We expect GAAP earnings per diluted share of about $.46, including an estimated $.03 per share expense impact from non-cash share-based compensation, translating to non-GAAP EPS of about $.49."



Apple will provide live streaming of its Q4 2005 financial results conference call utilizing QuickTime, 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 Tuesday, October 11, 2005 and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime .

Comments

  • Reply 1 of 12
    Holy shit ... that's amazing!
  • Reply 2 of 12
    Did you see the expected revenue?!?!??!?! 4.7 billion! damn thats a lot of iPods! (or they are expecting to see plenty of old-skool powerPC macs )
  • Reply 3 of 12
    ragexragex Posts: 126member
    Wow.
  • Reply 4 of 12
    mr. hmr. h Posts: 4,737member
    Quote:

    Originally posted by audiopollution

    Holy shit ... that's amazing!



    It's brilliant isn't it? It also goes to show that most people couldn't care less about the Intel transition.
  • Reply 5 of 12
    Quote:

    Originally posted by Thereubster

    Did you see the expected revenue?!?!??!?! 4.7 billion! damn thats a lot of iPods! (or they are expecting to see plenty of old-skool powerPC macs )



    They expect to sell a few billion dollars worth of "one more thing."



    Get your credit card or checkbook warmed up and rush to your local Apple Store to buy all of the "one more thing" that you can get your hands on.



    See you tomorrow!
  • Reply 6 of 12
    boogabooga Posts: 1,077member
    Unfortunately the stock is down 10% in after-hours trading because analysts had expected slightly higher revenues and iPod volume. It may be time for Apple stock to stall for awhile as sales catch up.
  • Reply 7 of 12
    Quote:

    Originally posted by Mr. H

    It also goes to show that most people couldn't care less about the Intel transition.



    What Intel transition? I'm already there, and it's fantastic.



    Now give me some PowerBook updates and I'll add further to the forthcoming quarters figures.
  • Reply 8 of 12
    nagrommenagromme Posts: 2,834member
    I could care less about stock fluctuations, but it IS nice to see the Mac platform doing SO well despite the temptation to "wait and see" about next year's Intel models. I guess that didn't cause the expected sales drop!
  • Reply 9 of 12
    sunilramansunilraman Posts: 8,133member
    f**k the stock. don't worry, it will hit $60 in a few months.
  • Reply 10 of 12
    Quote:

    Originally posted by Booga

    Unfortunately the stock is down 10% in after-hours trading because analysts had expected slightly higher revenues and iPod volume. It may be time for Apple stock to stall for awhile as sales catch up.



    Profit skimming is all that is. They will recoup $3 by the end of next week.
  • Reply 11 of 12
    kcmackcmac Posts: 1,051member
    This is great news. But somehow, ya just knew somehow the media must always pi$$ on the parade.



    http://go.reuters.com/newsArticle.jh...technologyNews
  • Reply 12 of 12
    terrible, isn't it? one moment its the darling and everybody wants to cash in, then it was obviously getting quite oversold, and now apple 'slumps', 'can't keep up the pace', etc... whatever



    hey anybody notice google got slammed as well? its in my dashboard widget so i just saw it. down to 304.98 in after hours
Sign In or Register to comment.