Apple Posts $295 Million Profit

MacRumors

macrumors bot
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.
 

SuperChuck

macrumors 6502
Nov 15, 2003
299
0
Chucktown, SC
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.
 

Timelessblur

macrumors 65816
Jun 26, 2004
1,086
0
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)
 

Xtremehkr

macrumors 68000
Jul 4, 2004
1,897
0
Great news, I hope the Mini Mac takes off quickly. I wish more people knew how great OSX was, maybe time for some advertising.
 

Capt Underpants

macrumors 68030
Jul 23, 2003
2,859
3
Austin, Texas
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...
 

Jigglelicious

macrumors 6502
Apr 25, 2004
421
0
NYC
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.
 

WannaWiki

macrumors newbie
Dec 20, 2004
11
0
woohoo

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

Sushij

macrumors newbie
Feb 9, 2004
11
0
Iowa City
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
 

RHutch

macrumors 6502
May 21, 2003
290
0
Amsterdam, OH
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)
Are you serious? Come on. Your statement is just ridiculous.
 

RHutch

macrumors 6502
May 21, 2003
290
0
Amsterdam, OH
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.
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?
 

CrackedButter

macrumors 68040
Jan 15, 2003
3,221
0
51st State of America
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.
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!
 

Naimfan

Suspended
Jan 15, 2003
4,669
1,996
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
 

jbembe

macrumors 6502a
Jun 2, 2003
765
0
Baltimore, MD
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!
 

SuperChuck

macrumors 6502
Nov 15, 2003
299
0
Chucktown, SC
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)
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).
 

bbarnhart

macrumors 6502a
Jan 16, 2002
824
1
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.
 

Object-X

macrumors 6502a
Aug 3, 2004
631
1
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:
 

jaseone

macrumors 65816
Nov 7, 2004
1,245
57
Houston, USA
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.
What are you smoking?

I have one word for you:

iPod.
 

&RU

macrumors member
Mar 5, 2004
84
0
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.
 

dejo

Moderator
Staff member
Sep 2, 2004
15,725
447
The Centennial State
Capt Underpants said:
...and it went up $7 today...
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!
 

dejo

Moderator
Staff member
Sep 2, 2004
15,725
447
The Centennial State
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.
What triple digit increase are you referring to?
 

dswoodley

macrumors 6502a
Jul 18, 2002
538
0
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!
They meant in afterhours trading - it's still up 7.56 or 11.5%