Apple announces Q205 profits of $290M on revenues of $3.24B
Apple beats Wall Street estimates, once again.
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.
"We are delighted to report a record second quarter for Apple in both revenue and earnings,â said Steve Jobs, Appleâs CEO. âApple 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.â Â
"Weâre very pleased to report 70 percent revenue growth and a 530 percent increase in net income,â said Peter Oppenheimer, Appleâs 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, the company'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 and will also be available for replay.
AppleInsider will provide coverage of the call.
Apple Stock is down nearly 2% in after-hours trading to $40.23.
12 Comments
Hurray!... so why the *$@! is it down in after hours trading?
Hurray!... so why the *$@! is it down in after hours trading?
simple... buy on rumor, sell on fact. lots of short term buyers who jumped on the bandwagon from last quarter's record quarter are cashing out because they want their money now (and might not have the confidence in apple long term like others do).
look on the bright side... the lower it drops, the more feasible it is for us common people to take part.
"We?re very pleased to report 70 percent revenue growth and a 530 percent increase in net income,?
i bet microsoft wishes they could say the same... then again, if they could, they could also buy a continent in the same breath.
i bet microsoft wishes they could say the same... then again, if they could, they could also buy a continent in the same breath.
Well, except for one thing. Apple's first quarter revenues generally suck. So this year they're better, but 530% of sucky ain't great. MS will blow their profits out of the water, and that's without selling any new stuff the last quarter.
and that's without selling any new stuff the last quarter.
I think you can extend that to "nothing new for the last 4 years"
"Resting on their laurels" I believe is the phrase your looking for.