Apple reveals best ever quarter ($320m profit)
CUPERTINO, CaliforniaJuly 13, 2005Apple® today announced financial results for its fiscal 2005 third quarter ended June 25, 2005, reporting the highest revenue and earnings in the Companys history. Apple posted a net quarterly profit of $320 million, or $.37 per diluted share, and revenue of $3.52 billion. 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, and represent revenue growth of 75 percent and net profit growth of 425 percent. Gross margin was 29.7 percent, up from 27.8 percent in the year-ago quarter. International sales accounted for 39 percent of the quarters revenue.
Apple shipped 1,182,000 Macintosh® units and 6,155,000 iPods during the quarter, representing 35 percent growth in Macs and 616 percent growth in iPods over the year-ago quarter.
We are delighted to report Apples best quarter ever in both revenue and earnings, said Steve Jobs, Apples CEO. The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline.
Were very pleased to report 75 percent revenue growth and a 425 percent increase in net income, said Peter Oppenheimer, Apples 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.