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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."
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.
Glad to see moderators following up on articles - Apple has not released any G5 Powerbooks yet.
READ BEFORE YOU MODERATE!
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.
$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%.
Either you're a troll, or something's wrong with your system.
I've passed gigabytes from my PowerBook G4/1ghz to my LaCie 200gb FireWire drive in less time than that, and generally I've found performance of internal drives is much better than external.
I would bring your system to an Apple Store and ask the Genius Bar people to take a look at it.
That being said, in my experience, the speed of a Mac isn't much different from PC speed one way or the other, and the aesthetics are a great deal more attractive. I find it more enjoyable to use a Mac, and that pretty much closes off debate for me.
Hope that helps.
D
Here's a little revision for us capitalists:-
1) Listen to customers.
2) Sell them what they want.
3) Profit.
See the difference?
That was classic intercourse!
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.
...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.
Doesn't seem too sad when you look at the state of the economy, when you take into account that many purchases of Apple Macintosh computers were put off until next quarter because of the upcoming next generation hardware.
It doesn't seem sad at all.
Notes From Under *nix: blas.phemo.us
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
Why? Because profit is money wasted. Better to invest your capital than give it away to shareholders.
A little confusion over who's money it is? The investors quite literaly own the company and it is their money, their company and it is (supposed to be & is legally obligated to be) run for their benefit. Actually, stictly speaking they ARE the company - a collective body of individuals (the shareholders) that in a limited way can legally act as though they were a single individual (to do things like hire you to make them more money). They are usually more than happy letting you reinvest their profits if it will lead to a bigger, healthier, MORE PROFITABLE company in the future but that is a very different thing froms saying profit is "money wasted" and that it is better to inveset than "give it away to shareholders".
Really? Can you provide some real world benchmarks to back that up? Most 7,200rpm IDE drives provide around 7MB/s write 20MB/s read speeds (sometimes more for linear read / writes or cache hits), nowhere near the maximum theoretical speed of the interface. Actually, you an be glad of that, since a 32bit 33MHz PCI bus only has a little more bandwidth than that, and if a single drive could saturate it then the system can crawl. I'd expect to see a 20MB file copy taking about 2-5 seconds, not 1/20 seconds.
Mind you, the grandparent post is still a blatant and unoriginal troll...
I am TheRaven on Soylent News
According to this in 1993 apples share was 10%. While this chart gives no idea on actually installed base we do know the PC market is MANY times larger today then it was 10 years ago resulting with a small % that apple can serve. ;)
But you are very right in apple still has a LONG road ahead, hopefuly apple from one side, Linux from the other and the PC market can be broken into three dominant platforms.
Hey, I can dream can't I?
Rougly 771,000 x 4 periods would be roughly 3 million units per year.
In 4 years that would be rougly 12 million units.
Apple hardware tends to last 4 years so nice guaranteed business.
Assuming interest peaks as the job market goes from the Abyss back to normalcy and people start spending money you'll see more of a surge in purchases as more and more compelling pieces of software keep surfacing with each innovation.
Being Porsche has never been being Ford, but everyone would love to own a Porsche and outside of the battle of Chevy vs. Ford on trucks who the hell wants to settle for a Ford if they can enjoy a Porsche?
Porsche seems to survive and has been around quite a long time.
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
Either my reading comprehension of your post, or yours of mine sucks. Or perhaps you're a troll and you have me hooked ;)
You said that profits are a waste and that the $$$ should be reinvested to grow the company. For what reason the company should grow is unclear, it appears to you to be an end unto itself. I said to the contrary that profits are the entire point and that if you do choose to reinvest it would be towards then end of having even more profits to pocket.
I am convinced that some of the problems in corporate America today is confusion over this fundamental issue. The confusion is understandable because with todays tax laws profits, real tangible honest profits, are taxed twice and at a high rate both times. Capital gains on the other hand are taxed only once and that one time at a lower rate. So, investors naturally want to make their stock price go up rather than have it pay dividends. Beyond encouraging your kind of thinking the problem is that unlike dividends stock prices don't have to be grounded in any kind of objective reality. The internet bubble and Enron amply illustrated that. The whole stock price game can become a massive, complex, unstable ponzi scheme ungrounded in reality. Enron is a perfect example of the result - it was only important to grow on paper, losses were hidden and profits were manufactured and nobody was the wiser (for a while) because nobody actually wanted to get those "profits" Enron claimed to have. Everybody was happy and tax law encouraged them to "reinvest" to make the company bigger and the stock price go up. If the tax laws had been otherwise Enron would have had to be more honest, if they claimed chimerical profits investors would have wanted at least some of them to go in their pocket. Sadly, while the Bush administration made some progress they got demogogued about "cutting taxes for the rich" and didn't push this through. While it really would be a tax cut for the rich it is still the right thing to do, and with all the 401(k)'s, IRA's, mutual funds and stock investments by pension funds your average stock holder isn't exactly the top hat wearing caricature of wealth from the monopoly box.
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.