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journal: mac
Apple Blows Away Analysts
The results are in! Apple has reported a profit of $320 million on revenues of $3.52 billion. Apple sold 1.182 million Macs and over 6.1 million iPods (what slowing demand?). This is Apple’s best quarter ever in terms of revenue and earnings, and features the highest Mac sales in years.
“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.”
Prior to the official announcement, many expected a dropoff in iPod sales due to slowing demand (and some predicted a drop in Mac sales due to the Intel switch). Needless to say, neither drop materialized. Apple’s results are far higher than their own projections last quarter.
Notes Mac sales grew 35% year-over-year; iPod sales jumped 616%...Tiger launch netted Apple $100 million...16 million active OS X users...iTMS now has 80% market share US, iPod owns 75% of the market...no big drop in Mac sales noticed after Intel switch announcement.
Deep Thought’s take: Congratulations, Apple. Is it safe to say the iPod isn’t a passing fad and the halo effect is real? Or is it still too soon to say?
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Journalists are never first to proclaim anything because that would imply insight so they are quick to call the end of something since no one really calls them on that.
The idiot journalists think the ipod is like the tamagochi or pokemon but digital audio in a compact form is NOT a fad - it’s as much of a fad as a laptop. Yes, at some point, it’s not going to grwo 600% in one quarter but I think Apple will take selling 8-10 ipods a quarter.
yes, there are people buying one because they want to be hip and Apple is smart to appeal to those people with the shuffle but 96% of the people are buying it because they love music.
Sony sold about 400 million walkman - that’s the number journalists should be looking at for the ipod.
And still, after 4 years, the ipod has a lot of competitors but no real competition ...
Now you add podcasting to the mix ... which MS insists on calling blogcasting which just puts them further and further away mindshare and marketshare.