The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Posts Profit of $106 Million, 2 Million iPods Sold [UPDATED]

Apple Posts Profit of $106 Million, 2 Million iPods Sold [UPDATED]

by , 4:35 PM EDT, October 13th, 2004

Apple Computer reported Wednesday fiscal fourth-quarter net profit of US$106 million, or 26 cents a share, on revenue of $2.35 billion. Excluding $4 million in after-tax restructuring charges, Apple earned $110 million, or 27 cents a share.

Revenue was bolstered by the sale of 2,016,00 iPod and iPod mini portable digital music players, the company said, as well as 836,00 Macs. That represents a 6% increase in Mac unit sales compared to last year, and a 500% increase in the number of iPods sold.

"We're pleased to report 37 percent revenue growth for the quarter and operating margin above 5 percent," said Apple Chief Financial Officer Peter Oppenheimer in a prepared statement. "Looking ahead to the first quarter of fiscal 2005, we expect revenue of between $2.8 and $2.9 billion, operating margin above 7 percent and earnings per diluted share of $.39 to $.42."

Analysts polled by Thomson First Call expected Apple to earn 18 cents a share, on $2.1 billion in revenue, for its just-ending fiscal fourth quarter. During the same period a year ago, Apple earned 8 cents a share on revenue of $1.72 billion.

For the full fiscal year, Apple reported profits of U$276 million on revenue of $8.28 billion. This compares to a net income of $69 million on revenue of $6.21 billion in 2003.

Apple stock (AAPL) closed Wednesday up $1.46, or 3.81%, at $39.75 on volume of 14.2 million share


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated February 1st

Sun,3:45 PM
MGG 538: Pre-Game With The Geeks
Sat,5:13 PM
Higher Res Video of China Apple Store Artists with English Subtitles
10:30 AM
iPhoneography 101: 2 iPhone Remotes You Gotta Have
Fri,5:40 PM
The Unofficial Apple Weblog Will Shut Down February 3rd
5:18 PM
Peri Duo Case for iPhone Marries Speaker, Battery, and Wi-Fi Audio
4:50 PM
Repatriation Tax Bill Holds Promise, but Faces Uphill Battle
4:32 PM
Microsoft Brings Outlook to iPhone and iPad
2:51 PM
Enter to Win a Pair of Wireless Beats Studio Headphones
1:09 PM
TMO Daily Observations 2015-01-30: Samsung’s Smartphone Numbers, Congress Wants More Corporate Cash
11:09 AM
FiftyThree’s Pencil Stylus for iPad goes Gold
9:48 AM
How to Enable the iTunes Notification Center Widget in OS X Yosemite
9:05 AM
iTunes gets OS X Yosemite Notification Widget
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!