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July 13, 2005
Apple today announced financial results for its fiscal 2005 third quarter ended June 25, reporting the highest revenue and earnings in the Company�s history. Apple sold over six million iPods, beating analyst estimates by nearly one million units.
Apple posted a net quarterly profit of $320 million, or $0.37 per diluted share, and revenue of $3.52 billion, compared 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 quarter�s revenue. Apple shipped 1,182,000 Macs 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 Apple's best quarter ever in both revenue and earnings," said Steve Jobs, Apple's CEO. "The launch of Mac OS X Tiger has been a tremendous success, and we have more amazing new products in the pipeline."
"We're very pleased to report 75 percent revenue growth and a 425 percent increase in net income," said Peter Oppenheimer, Apple's 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."
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