Apple Q3 Conference Call Highlights
Via webcast conference call, Apple stated its financial earnings today over fiscal 2004 third quarter ended June 26, 2004:
- Highest Q3 in 8 years
- $61 Million profit on revenue of $2 Billion
- Highest quartely shipment of macs
- iBook 240K, iMac 220K, 416K desktops
- Apple Retail Stores now total 80 with $270 million revenue
- Cash up to $4.96 billion. Apple is a debt-free company
- 2004 total revenue should exceed US$8 billion
- iMac G5 CONFIRMED by Apple CFO Peter Oppenheimer (Previously Rumored)
- 860,000 iPods sold in Q2 - up 183% from same period last year
- Demand on iPod mini expected to "visibly outstrip supply" through end of the year
- iTunes Music Store generated a small profit
- hPod: HP will ship "this summer"
- Office Depot authorized to sell online. No plan to extend to retail stores
- Best Buy and Apple work well with iPod sales. No plans to increase working together on CPU sales
- Xserve G5s sold 13K units - a quarterly record for Apple
- As Euro iTunes Music Store launched, Euro iPod sales increased as well
- Over 13,000 retail outlets for iPod. More people want to sell it than Apple has supply to provide
Oppenheimer said that Apple typically does not talk about unannounced products, but IBM's G5 manufacturing problems are also at fault for the new iMac delay.
An overview of the contents of the call have been made available in a press release.