Apple's Q1 2005 Financial Results Webcast

[squall1]

This could be interesting.

[MacRumors]

Apple will be webcasting their Q1 2005 Financial results today at 5pm EST. The url for the webcast is:

http://www.apple.com/quicktime/qtv/earningsq105/

We will provide updates and summary of information provided.

[tech4all]

Cool can't wait.

But um, what's with the order of the first two posts? :confused:

[squall1]

Woah, how'd that happen?

[SAukland]

I applaude you. You have commented on a subject before it was announced. Something all of us that wait for the rumors dream about. :p

[loneAzdgari]

How come they are webcasting this and not the keynote? Less demand = Less bandwidth costs?

[tech4all]

How come they are webcasting this and not the keynote? Less demand = Less bandwidth costs?

I think this is audio only whereas the Keynote is video and audio. Not sure if that makes a difference but those are some of the differences.

[swissmann]

$$$$$$ Chaching. I bet they made a lot.

[bigandy]

not so intrested in this as the keynote, but will probably watch/listen tomorrow just to kill time at work :rolleyes:

[ipodmann]

Traditionally Apple Stock takes a dive after the earnings announcement. It had a significant correction in the last two days already. The analysts are already trying to build the stock up with glossy assessments of the new products. They were caught flat-footed after the iPod success. The stock has gone up over 300% in the last 12 months and it is still over bought and over priced. I hope it drops at least 5%, but there is a good chance this time around it will go up about 5%.

[WannaWiki]

Should be very fulfilling to hear these results, no doubt that they cleaned up with the ipod. It's so nice that apple is doing so well, almost makes me want to write an article about how they are going to go bankrupt any day now. I haven't seen one of those stupid things in a while!

[gotohamish]

$295m profit

http://www.macminute.com/2005/01/12/q1-2005/

[Rocketman]

CNBC is reporting "blowout numbers" for Apple Computer.

70 cents per share as compared to estimated 49 cents.

Earnings of $300m vs 62m

Sales up huge.

This is the regular news saying this stuff.

I guess that is good news?

Steve Jobs stock went up a bit lately :)

Rocketman

[rdowns]

Apple Reports First Quarter Results


PR Newswire 4:30 pm January 12, 2005

Apple(R) today announced financial results for its fiscal 2005 first quarter ended December 25, 2004. For the quarter, the Company posted a net profit of $295 million, or $.70 per diluted share. These results compare to a net profit of $63 million, or $.17 per diluted share, in the year-ago quarter. Revenue for the quarter was $3.49 billion, up 74 percent from the year-ago quarter. Gross margin was 28.5 percent, up from 26.7 percent in the year-ago quarter. International sales accounted for 41 percent of the quarter's revenue.

Apple shipped 1,046,000 Macintosh(R) units and 4,580,000 iPods during the quarter, representing a 26 percent increase in CPU units and a 525 percent increase in iPods over the year-ago quarter.

"We are thrilled to report the highest quarterly revenue and net income in Apple's history," said Steve Jobs, Apple's CEO. "We've sold over 10 million iPods to date and are kicking off the new year with a slate of innovative new products including iPod shuffle, Mac mini and iLife '05."

"We're pleased to report 74 percent revenue growth, 26 percent Mac unit growth and 525 percent iPod unit growth," said Peter Oppenheimer, Apple's CFO. "Looking ahead to the second quarter of fiscal 2005, we expect revenue of about $2.9 billion and earnings per diluted share of about $.40."

Apple will provide live streaming of its Q1 2005 financial results conference call utilizing QuickTime(TM), Apple's standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PST on Wednesday, January 12, 2005 at http://www.apple.com/quicktime/qtv/earningsq105/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime.

[Geetar]

"WannaWiki almost makes me want to write an article about how they are going to go bankrupt any day now."


:D :D :D

Oh, yes, the usual suspects will be lining up for apple's funeral as we type........

[themacman]

did they mention y there is no pb udate like they did with the imac

[Yamson]

Wow... AAPL trading at $74+ in after-hours trading... Me likie =)

[macidiot]

AAPL now at 74, up 9.79 in afterhours trading.... :D

[macidiot]

Should be very fulfilling to hear these results, no doubt that they cleaned up with the ipod. It's so nice that apple is doing so well, almost makes me want to write an article about how they are going to go bankrupt any day now. I haven't seen one of those stupid things in a while!

Seth Jayson at Motley Fool just published one today. Usual Apple is losing it, Apple investors are insane, Apple stock is priced insanely, you'd be crazy to own this stock. All I have to say, nice timing Seth.

[djlu]

Apple shipped 1,046,000 Macintosh(R) units and 4,580,000 iPods during the quarter, representing a 26 percent increase in CPU units and a 525 percent increase in iPods over the year-ago quarter.

I guess Steve doesn't round up for those disappointed that the iPods number wasn't 4.6 million units.

Also it looks like the analysts who said that Mac units were increasing were correct as opposed to the naysayers.

Glad I own some shares.

[verozov]

very glad to hear apple is doing so well... not going away any time soon...

[Photorun]

WTF?!? Who the hell voted this story as "negative?" Do we have daft people around here that just vote negative to be negative? Some people need a head check!

[512ke]

Man, the nay sayers just gotta say nay about somethin'.

Nay neigh neigh.

Give 'em a bucket of oats and shut 'em up already.

Them fools is more confused than a hungry cow on Astroturf.

[Daveway]

This is great news, I made some money today! Sales are almost at 1:4 for Mac and iPod, this sounds great.

[rikers_mailbox]

Man, the nay sayers just gotta say nay about somethin'.

Nay neigh neigh.

Give 'em a bucket of oats and shut 'em up already.

Them fools is more confused than a hungry cow on Astroturf.

Say 'nay' again, I dare you. :p

Well, Apple tried to tell us it was gonna be big, now we have the numbers to believe the hype. On to the Mac mini and shufflePod, wonder how well those are going to perform. .. :confused:

[hulugu]

WTF?!? Who the hell voted this story as "negative?" Do we have daft people around here that just vote negative to be negative? Some people need a head check!

I always wonder who marks these things "negative," I mean Apple could announce a 900% increase in marketshare and the story could be written flawlessly and there would still be some chowda'head voting negative.

Someone else pointed out that Seth from the Motley Fool worries about the stock and I have to agree with him, the stock is wildly overvalued. MS makes billions more and is currently trading around $37 while Apple has been up around $60 since the fall, and that's from $18 a year ago. I wouldn't buy the stock now, not unless it falls below $50 after the traders get bored with it.

However, Apple has been doing outstanding. Kudos.

[joeboy_45101]

Kudlow and Cramer From CNBC:

"There's 98% market share for Apple to take and, with these numbers, they can take it all!"
...
"JOBS IS BRILLIANT, JOBS IS BRILLIANT, JOBS IS BRILLIANT!"

:eek: :D

[alandail]

it's not that simple to just look at share price. microsoft earned 74.3 cents per share in the last 12 months. Apple earned 70 cents per share in the last 3 months. Microsoft sales and earnings are likely flat, Apple's are growing rapidly. So it makes sense for Apple's share price to be significantly higher than Microsofts.

Remember, Microsoft has a ton more shares outstanding, which decreases the value of each share. Microsoft's overall market cap (number of shares times price per share) is $291 billion, Apple's is $26 billion.

[macidiot]

WTF?!? Who the hell voted this story as "negative?" Do we have daft people around here that just vote negative to be negative? Some people need a head check!

Well if I sold the stock at $30 thinking it was overpriced, I might be unhappy about these earnings and what the stock is doing. Not me of course...I'm sitting on a very nice pile of Apple stock :D

And of course, Seth Jayson would obviously vote negative on any positive Apple news.

[awil66]

By my quick math they were selling an average of 50,888 iPods per day the last quarter!?! Talk about printing money.

[rdowns]

Apple Chief Financial Officer Peter Oppenheimer said the company sold 337,000 of its all-in-one iMac G5 computers in the quarter.

[JediL1]

Tim Cook, Apple's COO referred to a G5 Powerbook as "The mother of all challenges" and then refused to comment further.

hmm....doesn't sound good.

[?Hater]

When asked about the difficulties/possibilities of seeing a G5 powerbook, apple exec's response:

"What you are asking for is the MOTHER OF ALL CHALLENGES."

THAT SOUNDS BAD. I'm upset now :(

However I just made a lotttt of money on the stock, so maybe I'll just build my own g5 powerbook instead :P.

[Daveway]

Did they just say that having a G5 in a Powerbook "is the mother of all challenges"? If so I don't see a new powerbook for a longgggg time.

[CrackedButter]

Did they just say that having a G5 in a Powerbook "is the mother of all challenges"? If so I don't see a new powerbook for a longgggg time.

Bah! pure FUD, they will be released next week, they just want us to think its a really hard challenge so we praise them some more next week. This is the reason why they were not mentioned yesterday.

As I said pure FUD















;)

[Stella]

rotfl.

Excellent sales figures.

41% of overseas sales. Well Apple, if:

* you'd only do promotions in all other parts of the world like you do in the us
* stop ripping off consumers with dodgy currency conversions

...that 41% figure would likely be higher.

Only yourselves to blame.


Tim Cook, Apple's COO referred to a G5 Powerbook as "The mother of all challenges" and then refused to comment further.

hmm....doesn't sound good.

[macidiot]

Someone else pointed out that Seth from the Motley Fool worries about the stock and I have to agree with him, the stock is wildly overvalued. MS makes billions more and is currently trading around $37 while Apple has been up around $60 since the fall, and that's from $18 a year ago. I wouldn't buy the stock now, not unless it falls below $50 after the traders get bored with it.

However, Apple has been doing outstanding. Kudos.

I wouldn't called it wildy overvalued. Pricey, yes. If you use p/e based on ttm, yes it is wildy overvalued. However, its a misleading ratio. For example, if Apple earnings are flat for the next year, with no sequential growth vs. this most recent quarter, they would make 2.80/share. This would give a forward p/e of only 26 (based on $73/share). Not that expensive at all. If Apple does anything with the mini and shuffle, and grows the rest even marginally, that forward p/e will drop even more.

In other words, barring any major failure, even if you buy the stock at 73, you still be ahead of the game a year from now.

[bluesloth]

When I click the listen now button quicktime opens up (like it should) but then displays a dialog saying "couldn't open the file because the file was not found"

It does the same thing for the Keynote broadcast.

Anyone know what the problem might be?

[?Hater]

bluesloth---

it ended 30 minutes ago, u missed it. perfect name though!

[bluesloth]

I'm more concerned about my loss of functionality of Quicktime.

I still can't view the Keynote presentation. I get the same error message. I don't know if it is related, but I can't view the new iDVD themes at http://www.apple.com/ilife/idvd/theater/newthemes.html

Anyone know of a solution?

[iGary]

Good times.

[hob]

I'm more concerned about my loss of functionality of Quicktime.

I still can't view the Keynote presentation. I get the same error message. I don't know if it is related, but I can't view the new iDVD themes at http://www.apple.com/ilife/idvd/theater/newthemes.html

Anyone know of a solution?

Just to say - me too! I couldn't open it even at 10pm GMT (which I think was when it started) got the same error as you.

Can you view trailers on Apple Trailers (http://www.apple.com/trailers)? (I can't)

Where do you live? (London, UK)

Who's your ISP? (NTL:home - BroadBand)

Are you running a firewall or anything?

Hob

[bluesloth]

No trailers either.

I am in Oregon. Comcast cable internet. I don't think I have a firewall or anything that would block the connection.

[nsb3000]

Tim Cook, Apple's COO referred to a G5 Powerbook as "The mother of all challenges" and then refused to comment further.

hmm....doesn't sound good.

He certainly made it sound like they had no plans for a Powerbook G5. Kind of scary.

[deral]

I hope that they make an iTunes version of this like they did last year.

[iGary]

Instant banishment for any mention of free iPods and the below-post banner advertisement is for "FREE iPods?"

:eek:

[ASP272]

My friend tried to buy an iPod Shuffle as soon as the store was available and when he finally got through, they were already backordered 1-2 weeks. So me thinks the Shuffle is going to go VERY VERY fast, and we should see even better numbers next quarter. Say goodbye to the competition in the player market!

[Evangelion]

* stop ripping off consumers with dodgy currency conversions

Yep. Looking at the Mac Mini for example. It costs $499 and $599 in the USA. Dollar is really weak when compared to Euro (one euro buys over 1.3 dollars), so you could assume that the price in euros would be at least 1:1 to the dollar-price (things usually cost more here). But no! The Mac Mini costs 519e and 619e! That's like $680 and $810! I mean, really?!?!?!?

I'm still going to get one, though ;).

[iGary]

6.4 billion in cash. :D

[wdlove]

6.4 billion in cash. :D

My hope is that they start using some of this as an increase to R&D. I'm sure that they are trying to be honest about the PowerBook G5. If anyone can overcome the obstacles it's Apple.

[hob]

Yep. Looking at the Mac Mini for example. It costs $499 and $599 in the USA. Dollar is really weak when compared to Euro (one euro buys over 1.3 dollars), so you could assume that the price in euros would be at least 1:1 to the dollar-price (things usually cost more here). But no! The Mac Mini costs 519e and 619e! That's like $680 and $810! I mean, really?!?!?!?

I'm still going to get one, though ;).

I often feel thoroughly annoyed at the $:£ conversion that Apple do... but this time I'm pleasantly surprised. The Mac Mini is at £330+£399... so starting at about £110 more than the low-end 4G iPod... and the same price as a high-end iPod photo. Perfect Price Placement!

Hob

[hob]

No trailers either.

I am in Oregon. Comcast cable internet. I don't think I have a firewall or anything that would block the connection.

hmmm... this IS puzzling, I can't get it to work - STILL! The only thing we seem to have in common is that we get cabled internet... but that's not gonna be the source of the problem!!

Hob :confused:

[rogo]

While Digitimes can be wrong, I give you this -- which doesn't seem at all wrong:

"In addition, Asustek will also start shipping iBook G5 notebooks to Apple in the second quarter of this year. Shipments of the current iBook notebooks totaled about 110,000-120,000 units a month in the fourth quarter last year, the sources noted.

Taiwan contract manufacturers for Apple

(These are the four lines for each of the items below -- rogo)
Product
Contract maker
Estimated shipment volumes for 2005
Delivery date

iBook/iBook G5
Asustek
1.3-1.5 million/year (combined shipments of the two series)
iBook G5 to start shipping in 2Q 2005

PowerBook G5
Quanta Computer
30k-50k/month
2Q 2005

-----------
You be the judge, but it seems like Tim Cook and Co. have solved "the mother of all thermal challenges".

[littlecorgi]

Excuse me if I missed this.....but did Apple mention how much money they earn from their iTunes music store?