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Apple Posts $295 Million Profit

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Original poster
Apr 12, 2001
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Apple released 1st Quarter sales today with a net income of $295 million or 70 cents a share. This is up from $63 million or 17 cents/share in the same quarter last year.

iPod Sales were up 7x to 4.58 million units sold last quarter alone, bringing the total iPod sales figure to 10 million.

Meanwhile, total Mac sales rose 26 percent, selling 1.05 million Macintosh computers in the quarter, up from 829,000 a year ago.
 
Article Link
https://www.macrumors.com/2005/01/12/apple-posts-295-million-profit/
The best part about these results is that they suggest the iPod "halo" effect had already begun - even before the introduction of the mini, which will surely accelerate the momentum.

iBook sales were at their highest level ever, and that is likely due to the Pod.
 
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
 
Great news, I hope the Mini Mac takes off quickly. I wish more people knew how great OSX was, maybe time for some advertising.
 
I couldn't be more pissed at my grandfather right now. When Apple's stock was $30, I told him to buy. Two weeks ago, I told him to buy Apple stock on January 10th. Here comes January 12th, he hasn't bought squat, and it went up $7 today...

Gosh I'm pissed...
 
Now if only this success could be attributed to stellar Macintosh sales, instead of the damned iPod.

Don't get me wrong, i'm happy for Apple. But its obvious that Mac sales have not really increased due to the populatiry of the iPod like Apple originally hoped.
 
woohoo

woohoo apple does it again! Go crazy sales. More money for apple equals more better products. Thank you ipod halo effect!
 
1.05 Million

Everytime they do one of these results thing, I always check to see how many Macs were shipped. This is the first time that I know of that it broke the Million mark. Usually around 800,000 something. So finally we have cracked the Million mark!!!! Too bad I didnt help that number this year. Stupid Macs and their longer user life.

~Jeff
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
Click to expand...

Are you serious? Come on. Your statement is just ridiculous.
 
Jigglelicious said:
Now if only this success could be attributed to stellar Macintosh sales, instead of the damned iPod.

Don't get me wrong, i'm happy for Apple. But its obvious that Mac sales have not really increased due to the populatiry of the iPod like Apple originally hoped.
Click to expand...

Did you read the details? A record number of iBooks sold. And over a million Macs sold compared to 829,000 in the same period last year. You don't think that the results have anything to do with sales of computers?
 
Jigglelicious said:
Now if only this success could be attributed to stellar Macintosh sales, instead of the damned iPod.

Don't get me wrong, i'm happy for Apple. But its obvious that Mac sales have not really increased due to the populatiry of the iPod like Apple originally hoped.
Click to expand...

Maybe because they don't advertise the damn things!

Cool software, nope no adverts
Cool hardware, nope no adverts
ipod... well...

It might take them another 21 years to do so however... thats only because its taken them 21 years to finally have a "computer for the masses".

They havn't even advertised the G5 iMac yet and thats crazy, more so when they have $$$ in the bank but rely on a supposed halo effect to do it for them!
 
Good news for Apple

This represents great news for Apple--more and more people are being exposed to Apple products, and I would like to think that the new Mac Mini will help continue that and expand into the actual computing line. The one thing to be wary of is that margins on Mini's must be very low--Apple will need to watch that carefully (though, yes, I'm sure they will....).

As far as a time to invest--I don't think so. The stock is probably fully valued, if not somewhat overvalued, and that is not the time to buy it.

Best,

Bob
 
Boy, wouldn't it be nice to see 10 million mini Macs sold? I'll join the club when it has a G5 & Tiger, but now my 700mhzG4 iMac does just superb for what I need at home. Here comes the flood!
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.

I just like to say remeber enron and they where doing great and where stating this very high profit margins. Everyone believe them for a while now you have to wonder if apple is really starting to watch there stock prices and trying to make sure they keep rising by ajusting there books somewhatly. (there are tons of little dirty accounting secrets that allow for this and remember apple is for making money first and for most and high stock prices help them make more money)
Click to expand...

Or, it could be that the iPod is flying off the shelves. Apple is not citing a record "profit margin" (which is easy to fudge by hiding losses a la Enron), they are citing record units sold (which is pretty impossible to fudge without getting busted).
 
The iPod revenue is not going to continue increasing forever. At some point, everyone who is going to buy an iPod is going to get one and iPod sales will flatten. Perhaps even decline a little.

The very good news is that Macintosh computer sales are increasing. I think the sales of Macs can keep increasing longer that the sales of iPods.
 
Good times

This is certainly a good time for Apple enthusiasts. Let's hope this is just the snowball at the top of the hill. It is hard for me to concieve how anyone would want to use a PC after working with a Mac. Imagine if all these new "switchers" become as fanatical as us! :eek:
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.
Click to expand...

What are you smoking?

I have one word for you:

iPod.
 
This is great news.

Let me see... what would be the best ways to spend it?

1) R&D. (ie; New product development.)
2) Advertising and Marketing. (ie; For the mac as well as the iPod.)
3) Loyalty programs. (ie; Give us loyal users some of that money back.)
4) Renewed efforts in the Enterprise and Education.

Bad uses for money:

1) Lawyers.
 
Capt Underpants said:
...and it went up $7 today...
Click to expand...

Well, that's a bit of an exageration. AAPL closed +.90 today, from an opening of 64.56, and was highest at 65.90.

Not that I don't want it to go a lot higher. I do!
 
Timelessblur said:
to me this raise some major red flags. It just seem to much of an increase for one year time spand. doing double digitigs % increase is high but doing triple jsut seems like something questionble is up.
Click to expand...

What triple digit increase are you referring to?
 
dejo said:
Well, that's a bit of an exageration. AAPL closed +.90 today, from an opening of 64.56, and was highest at 65.90.

Not that I don't want it to go a lot higher. I do!
Click to expand...

They meant in afterhours trading - it's still up 7.56 or 11.5%
 
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