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Apple Reports $19 Million Profit for Q3
pinqkandi writes "Apple released it's quarter three results today, which revealed a $19 million net profit ($0.05/diluted shared). Revenue reached $1.545 billion as 771,000 Macs were shipped. CEO Steve Jobs called it 'a great new product quarter', citing the new generation of iPods, iTunes Music Store, and the PowerMac G5."
to discounts on the G5 laptops released today.
Apple has turned their business around and generated a lot of mainstream press this year. They finally made their Powermacs top of the line, they made the 17in laptop, the new iPods, and it now looks really good for Apple. They should hive themselves a pat on the back.
And on an unrelated note, this may be a First Post.
1) Listen to users
2) Give them what they want
3) Profit!
-=sig=-
I guess that last Anonymous Coward was trying to be funny by making everyone double check Apple.com for new laptops.
However, it is unlikely we'll see G5 laptops anytime soon. The current IBM 970 chips run way, way too hot. Until a low-power version of the G5 is designed, expect G3's and G4's to continue to be the chips in laptops for some time.
I don't want to start a holy war here, but what is the deal with you Mac fanatics? I've been sitting here at my cubicle in front of a Mac (a brand new dual G4 1400MHz with a gig of RAM) for about 20 minutes now while it attempts to copy a 20 meg file from one folder on the hard drive to another folder. 20 minutes. At home, on my Pentium Pro 200 running NT 4, which by all standards should be a lot slower than this Mac, the same operation would take about 2 minutes. If that.
In addition, during this file transfer, Safari will not work. And everything else has ground to a halt. Even TextEdit is straining to keep up as I type this.
I won't bore you with the laundry list of other problems that I've encountered while working on various Macs, but suffice it to say there have been many, not the least of which is I've never seen a Mac that has run faster than its Wintel counterpart, despite the Macs' faster chip architecture. My 486/66 with 8 megs of ram runs faster than this dual G4 machine at times. From a productivity standpoint, I don't get how people can claim that the Macintosh is a superior machine.
Mac addicts, flame me if you'd like, but I'd rather hear some intelligent reasons why anyone would choose to use a Mac over other faster, cheaper, more stable systems.
$4billion cash reserve that makes nice interest as it sits in the bank.
Isn't $19 million in profit awfully low for $1.545 BILLION in revenueThat gives them a profit margin of about 1.25%.
they've still got a lot of work to do. $0.05 per share isn't much profit. That being said, I think things might be going in the right direction this time. Apple has always innovated, but the problem has been mass appeal. With things like the iPod and iTunes music store, it's easier to get people hooked with a small purchase and then reel them in to a new computer that works better with the iPod that the PC they have now.
To understand recursion,
you must first understand recursion.
What exactly is a Mac unit? Is it just a computer, or does it also include the always popular Ipod? I'm not saying I doubt that they sold 771,000 PC's in a quarter, but it seems a little weird. Especially since apperently profits were actually down. I'd assume they make less profits on the Ipod then other things. Just wondering.
Slashdot...it's like Fox news, but without the biased sl...or maybe not.
About them iPod Snobs,
don't it make you sick?
Goin' all around,
enjoyin' they music.
They listen on the bus,
they listen on the plain.
Showin' off for all to see,
ain't it just a pain?
Look at all those iPod Snobs,
owning one is wrong.
They can load enough to play
three weeks worth of songs!
How to be a iPod Snob,
it's not very hard.
Go to Apple's Store,
and charge it on your card.
A programmer is a machine for converting coffee into code.
Revenue reached $1.545 billion as 771,000 Macs were shipped.
Does anyone else realise how sad that is?
Interested in open source engine management for your Subaru?
Hey everybody! Come one, Come all! Step right up and see the amazing PC Troll! Don't be afraid.
See.... as it tries to convince others that it knows better than anyone else just to feel important!
Listen... to the questionable stats, the outdated references, the usual myths and mindless drivel that pours from it's malformed mouth!
Watch.... its jealousy rise to a new level of stupidity with ongoing rants to justify an existence in the universe.
Pity... the fools as they try to get through a work day without a crash or virus bringing their productivity down.
Repulse in horror... at the PC cage in which they have placed themselves, never knowing the freedom and power of a superior computer and OS.
Laugh... at their ongoing antics, because at the end of the day, they will still be ranting in their cages, while the rest of us enjoy the choice we've made and be better off for it.
Hurry, Hurry! Step right up! See the amazing PC Troll!
(Relax, it's just sarcasm.)
...or I stole yours!
My other sig is extremely clever...
When is the last time you saw an Intel or M$ commercial (what did happen to those funny Intel guys in cleanroom suits?)
They got laughed off the TV from all the non-Intel zealots. The only thing more embarassing than a white guy doing the Hustle was a white guy wearing a dorky cleanroom suit doing the Hustle.
And calling them "bunnymen" certainly didn't help.
--R.J.
Electric-Escape.net
...the economy. A lot of people are tightening their belts, and are not in the mood to buy anything from anyone. For any tech company to be making any sort of profit in this climate is a minor miracle in and of itself.
--R.J.
Electric-Escape.net
This did in fact happen last quarter (the profits being all in interest on the $$ in the bank while the business otherwise would have shown a loss). THIS quarter however they did in fact run a profit off of their business of selling computers. Also to be fair they are doing some things this quarter that cost a fair amount of $$$ that are investments that will reap rewards in future quarters. Opening new stores and opening the iTunes music store - which is actually supposed to turn the corner as soon as this next quarter, and may be a real cash cow when it comes out for windows.
According to Infoworld there were 32.8 million computers shipped in calendar Q2; I don't know how that overlaps with Apple's fiscal Q3 but assuming it does then it gives Apple a 2.3 percent market share.
steadily making money during a recessionary period is good news. one does not expect constant 10% ROI and thats especially true for an investment with very low medium term risks. Most of the stocks I own are losing value.
At last he never brings up the sorrid one button mouse controvery :-)
From Investor's Business Daily:
This says to me that xServe isn't managing to push the Mac into the business server market, but OS X and nifty hardware have lead to a major jump in consumer sales.
GCHQ Quantum Insert installed. If only our tongues were made of glass, how much more careful we would be when we speak
From the article:
These results compare to a net profit of $32 million, or $.09 per diluted share, in the year-ago quarter.
THIS SPACE FOR RENT
That should be "Beleaguered computer company Apple ..."
According to these figures, Apple is DYING. The company's beleaguered, I tell you!
Remember that 10 years ago Apple was the #1 PC maker, with about 20% market share. That's where they need to reach again before the calls of "beleagured" will stop.
I knew there was something phony about his post, but you nailed him.
Great work!
D
Apple's growth prospects are all wrapped up in Music.
So outlook for growth in Apple profits is tied strongly to its music business, much more so than computer sales.
Best,
-jimbo
XML Tools for Mac OS X
Correct. It's a troll. In fact this exact troll message has appeared all over the place, and in every Slashdot Apple story. Someone out there just loves to get the goat of Apple fans.
:)
There exists no way of exchanging information without making judgments. --Bene Gesserit Axiom
I see that you corrrected your troll template after posting "Even SimpleText is straining to keep up as I type this." in your post in the previous Mac thread yesterday and people pointed out that you obviously didn't know what you were talking about or that you'd ever used a Mac since SimpleText is an OS 9 app, not an OS X one.
Well corrected; you even capitalised it correctly, although I suspect you just cut and pasted from one of the replies to your troll.
You really are a bizarre person, I imagine that you ride a bus that's far shorter than it is wide.
1. Linux for people who like inexpensive.
2. Apple for people who are willing to pay for that extra TLC.
3. ???
That's two. What's the third dominant platform?
It can't be BSD. BSD is dead. I know that because I read it in the Slashdot postings. (That was sarcasm. I doubt the home consumer will move to the major variations. Apple has the ease-of-use version, and Linux has the mindshare. Where's the RedHat and SuSE companies pushing the other BSDs?)
If you've read my other posts, you'll see rational reasons to believe that MS will die soon. I do not believe anybody will try to keep Windows alive. It will not have the following like other dead architectures like the Amiga, because the Windows architecture is too flawed to generate that type of dedication. Even the developers who know only MS software know it sucks, but they won't convert today while the MS world provides a paycheck. But are they going to keep a Windows PC around for nostalgia after spending a decade cursing it? MSWindows will be used less in 10 years than the Amiga is used today.
Apple's marketshare should increase greatly if MS dies quick enough that the Linux companies cannot switch to a full consumer-oriented model. Apple has several decades of goodwill from proven reliability, ease-of-use, and good support for the home consumer. Linux companies cannot generate that "happy feeling" since the oldest are less than one decade old, and Linux only started to reach the general public's worldview in the last few years.
Apple's competition probably won't be RedHat and Lindows. RedHat is busy selling to corporations using the Compaq model. Lindows is too small to fill the gap. My bet is that Dell will be one of the first to have a full line of Linux PCs. And then Gateway, HPaq, IBM, and MPCC will follow.
("MPC Computers" was condensed from "Micron Personal Computers Computers". Huh?)
In 10 years, it will be Apple vs. Linux. Both are based on Unix-like code. That is a win for the techie community, right?
I spend my life entertaining my brain.