Feeds

Apple CFO predicts continued strong growth

Exec spills the beans

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Apple CFO Fred Anderson yesterday predicted continued year-on-year growth for the Mac maker and looked forward to significant improvements in the Christmas 1999 quarter. Anderson's comments followed the release of Apple's latest Q2 results, which saw the company beat Wall Street's earnings per share expecations by five cents, and the company notch-up computer sales-based profits of $114 million plus an $89 million sale of ARM shares. During the quarter, Apple shipped 905,000 machines, including 487,00 iMacs. That represents an increase of nine per cent and 39 per cent, respectively, on the last quarter, and an overall improvement of 40 per cent on last year's Q2. Anderson also noted that "current bookings from" educational institutions were up 22 per cent on the same period last year. That said, he didn't specify how well Apple was doing in other markets, most notably small, medium and large businesses. However, he said that, based on PC Data figures for the US retail channel, Apple's marketshare for the first two weeks of the quarter was 11.5 per cent, up from 6.3 per cent last year. In Japan, the company had 13.1 per cent of the retail market, up from seven per cent. Looking ahead, Anderson said he anticipated Apple's revenue and unit shipments to continue to increase, with a slight improvement next quarter but much better, double-digit growth in the December 1999 quarter. He also predicted the second half would show significant year-on-year growth. As per usual, Anderson wouldn't discuss unannounced products, but he did hint a major product transitions are set to take place for the December quarter, presumably as Apple rolls-out new iMacs in the run-up to Christmas, but it's possible Anderson's comment hint at the real release date of the G4 Power Macs too. He also said iMac price cuts are on the cards, based on customer demand. He also said Apple was still happy with the relatively high price of the iMac, especially when compared to the new generation of sub-$1000 and sub-$500 machines: "We sold close to 500,000 units with a $1199 iMac. We're very comfortable with iMac demand." Apple is monitoring the free PC phenomenon, said Anderson, but as yet the company doesn't feel it's a solid strategy: "We don't think most customers are interested in locking themselves into a three-year commitment to an ISP to get a free PC," he said. ® Our thanks to Mac newssite MacInTouch for the details of Anderson's comments

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.