Apple posts $63 Million Profit

Wednesday January 14, 2004 1:22 pm PST by Arnold Kim

Apple announced at $63 Million Profit for its First Quarter ending December 27, 2003.

Apple shipped 829 thousand Macintosh units during the quarter, up 12 percent from the year-ago quarter, as well as 733 thousand iPod units, up 235 percent from the year-ago quarter.

It was an outstanding quarter for Apple, with double-digit unit and revenue growth and over 730,000 iPods sold, said Steve Jobs, Apples CEO. "Were kicking off 2004 with strong momentum, especially for Mac OS X, which is now used by almost 40 percent of our installed base, iPod and the iTunes Music Store, which has a 70 percent share of the legal music download market.

Apple's Q1 Results Conference Call is available

Some interesting notes from the Q/A Session:

- No plans to move other iLife Apps to PC (beyond iTunes)
- Lower margins on iPod Mini and HP iPods than standard iPods
- Pepsi Giveaway financial details are under non-disclosure.
- No comments on iPod/Video integration.

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