Feeds

Apple profits leap as iPod sales rocket

Over 2m players sold, masking Mac decline

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Apple saw profits more than double year on year during the fourth quarter of its 2004 fiscal year, the company reported yesterday.

Profits totalled $106m (26 cents a share), up 41 per cent from $44m (12 cents a share) this time last year, and 74 per cent up on Q3.

Revenue for the quarter reached 2.35bn, 37 per cent higher than Q4 2003's $1.72bn and 17 per cent up on Q3's $2.01bn.

It's not hard to guess where the increased revenue - and thus the profitability - came from. That's right, iPod. Apple sold 2.016m iPods, up 134 per cent on Q3's 860,000 total. That takes the iPod grand total to just under 5.74m units, well ahead of expectations. If the holiday sales period proves as successful as the back-to-school time has, Apple should easily reach a iPod installed base of over 8m by the end of calendar 2004. Competition is certainly becoming more fierce, with strong rival products from Creative, Rio and Sony. But they have yet to gain the iPod's level of street cred, and with their multi-colour, iPod Mini-esque styling risk being perceived as 'me too' products.

iPod's success masked a decline in Mac sales, which fell from Q3's 876,000 units to 836,000, a decline of almost five per cent. Given Apple wasn't selling iMacs through July, August and a good portion of September, it has clearly got away with a smaller than expected decline, almost certainly a sign of the strength of demand for its notebook products, particularly with back-to-school buyers.

For FY2004 as a whole, Apple shipped 3.29m Macs, up nine per cent on FY2003's 3.01m, so there's clearly good, increasing demand for the company's computers. It sold 4.42m iPods during FY2004. We don't have a comparable total for FY2003, but it's likely to be significantly lower.

Annual income totalled $276m on year-total revenues of $8.28bn, up from $69m and $6.21bn, respectively, for FY2003.

"Looking ahead to the first quarter of fiscal 2005, we expect revenue of between $2.8bn and $2.9bn, operating margin above seven per cent and earnings per diluted share of 39-42 cents a share," said Apple CFO Peter Oppenheimer. ®

Related stories

Apple iPod grabs 82% US retail market share
Apple unveils iMac G5
Apple files 'chameleon' computer case patent
Euro filing reveals Apple 'handheld computer'
History repeated as Apple slams CPU supplier
Apple to ship next-gen iMac in September

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.