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 Profits Soar 425%; Mac Sales Up 35% [UPDATE]

Apple Profits Soar 425%; Mac Sales Up 35% [UPDATE]

by , 5:00 PM EDT, July 13th, 2005

Apple Computer announced a record quarter today in terms of both sales and profits. The company reported sales of US$3.52 billion, with profits clocking in at $320 million, or $.37 per diluted share. These results compare to a net profit of $61 million, or $.08 per diluted share, and revenue of $2.01 billion in the year-ago quarter. All told Apple's profits rose 425 percent over the year ago quarter, while sales increased 75 percent.

Mac unit sales were 1.182 million, up 35% over the year ago period, and more Macs than Apple has shipped in a quarter in the last four years.

Apple also shipped 6.155 million iPods, which represents a 616 percent jump over the year ago period. This represents another record for the company in terms of units shipped.

"We are delighted to report Apple's best quarter ever in both revenue and earnings," said Apple CEO Steve Jobs in a statement. "The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline."

"We're very pleased to report 75 percent revenue growth and a 425 percent increase in net income," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the fourth quarter of fiscal 2005, we expect revenue of about $3.5 billion and earnings per diluted share of about $.32."

In the company's conference call, Peter Oppenheimer said that Tiger represented $100 million in sales, which is the biggest quarter for OS sales in the company's history.

Gross margin was 29.7 percent, up from 27.8 percent in the year-ago quarter. The large jump in margins came in part from the record software sales, where margins are significantly higher than with hardware sales.

The company said that international sales accounted for 39 percent of the quarter's revenue.

The Mac Observer will be following up this story with a detailed report on the company's conference call.


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 September 21st

Sun,11:42 AM
MGG 520: Wrapping Up Tech Week With iOS 8 & More
Sat,7:27 PM
Fun Rant about Those Who Claim Apple is the Copier
12:27 PM
How to Make Your iPhone 6 Work with Your AT&T MicroCell
Fri,7:51 PM
iOS 8 App Store Bundles Explained
7:23 PM
WSJ Lines Up Tim Cook to Kick Off Inaugural WSJDLive Conference
5:42 PM
Learn Apple’s New Swift Programming Language for $19
5:00 PM
Apple iPhone 6 Plus - the Word That Shall Not be Spoken: Phablet
1:44 PM
TMO Daily Observations: 2014-09-19
11:20 AM
Launch Day Survey Says iPhone 6 Plus is the Go-to Choice
10:35 AM
AT&T’s Next Plan May be the Cheapest Way to Buy an iPhone, Despite the Hype
6:40 AM
iOS 8: How to Change Safari’s Default Search Provider to DuckDuckGo
2:45 AM
First iPhone 6 Sold in Perth Dropped by Kid During TV Interview
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!