Apple Q3 2005 Financial Results
Apple has announced their Q3 2005 Financial Results today:
Apple said net income for its third fiscal quarter ended June 25 rose to $320 million, or 37 cents per share, from $61 million, or 8 cents a share, a year ago, on a split-adjusted basis.
Revenue rose 75 percent to $3.52 billion from $2.01 billion.
The webcast conference call is ongoing.
Highlights
- 1.182 Million Macs shipped for quarter (35% growth)
- 687,00 desktops; 495,000 portables shipped
- 6.155 million iPods shipped for quarter (616% growth)
- iTunes Music Store market share 80% according to Neilsen
- Tiger revenue $100 million in quarter; installed base of Mac OS X is close to 16 million
- Still planning on Intel based Macs to be available at this time next year.
- Apple noticed no significant drop in Mac sales following the Intel announcement, but only have a few weeks of data. Still are being cautious about 4th Quarter predictions/results.
- Question asked if Apple has considered advertising the Mac further especially surrounding the iPod "halo" effect, but no real answer was given.
- Question about Apple's thoughts on subscription vs purchased music model. Apple still feels that users was to purchase songs, not rent them and feels the 80% market share reflects this.
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