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Apple posted revenue of $4.37 billion and a net quarterly profit of $472 million or $.54 per diluted share. For reference, the year-ago quarter brought in $3.53 billion in revenue, net profit of $320 million or $.37 per diluted share.
Analysts expected Apple to earn 44 cents per share, on average, within a range of 40 cents to 49 cents, on revenue of $3.68 billion, according to Reuters Estimates.
Apple shipped 1,327,000 Macintosh computers and 8,111,000 iPods during this quarter which represents a 12% growth in Macs and 32% growth in iPods year-over-year.
- 75% of Macs sold during the quarter used Intel processors.
- 2nd highest quarterly sales and earnings in Apple's history
- International sales accounted for 39 percent of the quarter’s revenue.
- iPod continued to earn a US market share of over 75 percent
- Desktops: 614,000, down 14% from previous quarter
- Portables: 498,000, up 60% from previous quarter
- iPods: 8,526,000
- Mac: 55% of revenue. Increased sales to 1.327 million.
- Pleased with Intel transition. "Solidly" on track to update Xserve and PowerMac by end of this year.
- Over 2900 Universal Applications.
- Most critical applications will be converted by September
- MacBook very well received
- Happy with the Mac ad campaign, feel that it is contributing to Apple's momentum
- iPod
- NPD: 75% of market share US (MP3)
- Other music product revenue up 90% year over year
- Strong sales of iTunes and iPod accesories
- iTunes Music Store - 85% marketshare.
- Enthusiastic about upcoming iTunes/iPod products in the pipeline
- Retail
- 146 stores open during quarter.
- 50% of buyers are new to Mac.
"I contend that we are both atheists. I just believe in one fewer god than you do.
When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours."
[Stephen Roberts]