Stay tuned to this entry for financial results updates…

Apple has another strong quarter: link

Conference Call about to get underway: link

starting…
22.5 million ipods sold in 05
05 profit $1.3 billion--highest in Apple history
successful back-to-school season
mac buisiness: 60% of revenue
1.236 million Macs
2nd highest ever, 48% growth over 04
“pleased” with laptop sales, 634,000 laptops sold
602,000 desktops
music:47% of revenue
6.45 million ipods sold
another new iPod sales recods: iPod 75% of US market
1 million nanos in only 17 days!
iTMS: 80%+ of US music downloads
strong back-to-school Mac sales
Apple store: 14.8 million visitors
Retail revenue nearly doubled
Expecting to open 35-40 new stores in 06
Edu grows 37% in 05
Edu sold more Macs in Q4 than any time in last ten years!
Gross Margin: 28.1%
Q1 outlook: $4.7 billion in revenue

“very exciting announcements” coming tomorrow
Question: nano product constraints? Answer: Demand is “staggering,” not sure when supply will match demand
Q: Tiger revenue? A: $35 million range; Tiger still best-selling OS X release in Apple hsitory
Q: Macintel impact? A: No obvious impact
Q: impact on nano on iPod demand? A: sales met Apple expectations, despite discontinuation of mini; sales accelerated after nano, enormous iPod nano backlog
Q: why channel inventories for Macs so low? A: inventory below the target inventory; “Mac sell-through exceeded our expectations”
Q: desktop: why sales down? A: decline related to seasonal fluctuations
Q: Macintel launch still set by mid 2006? A: yes, cool PPC goods in the pipeline
Q: Steve Job’s health? A: he’s doing well.
Q: Geographic breakdown of new 2006 stores? A: majority in US
Q: how is core Mac doing in market share year-over-year outside edu? A: “doing well”
Q: student union rebate results? A: “off the charts”, higher ed up 38% over Q4 04
Q: How big is halo effect? A: halo effect key part of Mac growth
Q: What constrained nano supplies? A: demand was just too high, is a component constrain
Q: nano response from retailers? A: getting phone calls everyday for more nano shipments
Conference call over.