Apple publishes Q3 2005 results - iPod demand surged with 616%

Posted on Thursday, Jul 14 2005 @ 10:06 CEST by Thomas De Maesschalck
Apple today posted its results of the third quarter of this year. Its profit hit a new record, fueled by strong demand for its iPod and Mac computers. Revenue rose 75 percent from $2.01 billion during the same period last year to $3.52 in the third quarter of this year.

Apple's profit was up from $61 million , 8 cents a share, to $320 million this year, or 37 cents per share.

Highlights:
- 1.182 Million Macs shipped for quarter (35% growth)
- 687,00 desktops; 495,000 portables shipped
- 6.155 million iPods shipped for quarter (616% growth)
- iTunes Music Store market share 80% according to Neilsen
- Tiger revenue $100 million in quarter; installed base of Mac OS X is close to 16 million
- Still planning on Intel based Macs to be available at this time next year.
- Apple noticed no significant drop in Mac sales following the Intel announcement, but only have a few weeks of data. Still are being cautious about 4th Quarter predictions/results.
- Question asked if Apple has considered advertising the Mac further especially surrounding the iPod "halo" effect, but no real answer was given.
- Question about Apple's thoughts on subscription vs purchased music model. Apple still feels that users was to purchase songs, not rent them and feels the 80% market share reflects this.

Source: Mac rumors


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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