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 TMO Headlines - Updated September 19th

Tue, 9:01 AM
macOS: Setting Up Custom Reminders
Mon, 6:32 PM
5 Wireless Charging Pads for Your iPhone 8 and iPhone X
Mon, 6:26 PM
Robots Won't Supplant Human Workers After All
Mon, 6:13 PM
CCleaner Malware Found In Version 5.3 of Software
Mon, 6:13 PM
TMO Background Mode Interview with The Mac Observer's Contributing Editor John Kheit
Mon, 5:42 PM
Apple Premiering Clive Davis: The Soundtrack of Our Lives on Apple Music on October 3
Mon, 5:16 PM
Add Custom Ringtones to Your iPhone in iTunes 12.7
Mon, 5:07 PM
PCalc Uses ARKit for the Best App About Screen Ever
Mon, 4:53 PM
macOS: How to Archive iMessages with Automator
Mon, 4:37 PM
Apple Pay Cash Not Ready for iOS 11 Launch
Mon, 3:57 PM
Getting Your iPhone Ready for iOS 11
Mon, 3:14 PM
HEIF: Here's What You Need to Know About iOS 11's JPEG Replacement
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!