Apple FY 04 Fourth Quarter Results Conference Call (Update 3)

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Date: Tuesday, October 12th, 2004, 23:12
Category: Archive

Apple yesterday broadcast its FY 04 Fourth Quarter Results Conference Call utilizing Apple?s popular QuickTime 6. The live audio webcast was accessible through Apple?s Web site with a copy of QuickTime 6.
UPDATED: eWeek report “Apple Revenue, Profits Soar”

Apple Computer Inc. reported the highest quarterly revenue in 9 years Wednesday as strong sales of Macintosh laptops and iPod music players allowed the company to generate $2.35 billion in revenue in its fiscal 2004 fourth quarter.
Quarterly revenue increased 37 percent from the $1.7 billion reported in the year ago quarter.
However slower than expected deliveries of IBM’s 3GHz PowerPC G5 CPU chips that power Apple’s desktop product lines put constraints on the company’s manufacturing output. This caused Apple’s inventory to fall below the four-week minimum target that the company prefers to maintain, said Peter Oppenheimer, Apple CFO.

You can also read the full results at Apple.com

For its fiscal 2004 fourth quarter, Apple posted a net profit of $106 million, or $.26 per diluted share. These results compare to a profit of $44 million, or $.12 per share, a year ago. Revenue for the quarter was $2.35 billion, up 37% from a year ago. Gross margin was 27%, up from 26.6% last year. International sales accounted for 37% of revenue.

Worth a read is Apple’s mid-life crisis. “With the stock nearing $40, can shares of Apple Computer still be a buy?”


Apple yesterday broadcast its FY 04 Fourth Quarter Results Conference Call utilizing Apple?s popular QuickTime 6. The live audio webcast was accessible through Apple?s Web site with a copy of QuickTime 6.
UPDATED: eWeek report “Apple Revenue, Profits Soar”

Apple Computer Inc. reported the highest quarterly revenue in 9 years Wednesday as strong sales of Macintosh laptops and iPod music players allowed the company to generate $2.35 billion in revenue in its fiscal 2004 fourth quarter.
Quarterly revenue increased 37 percent from the $1.7 billion reported in the year ago quarter.
However slower than expected deliveries of IBM’s 3GHz PowerPC G5 CPU chips that power Apple’s desktop product lines put constraints on the company’s manufacturing output. This caused Apple’s inventory to fall below the four-week minimum target that the company prefers to maintain, said Peter Oppenheimer, Apple CFO.

You can also read the full results at Apple.com

For its fiscal 2004 fourth quarter, Apple posted a net profit of $106 million, or $.26 per diluted share. These results compare to a profit of $44 million, or $.12 per share, a year ago. Revenue for the quarter was $2.35 billion, up 37% from a year ago. Gross margin was 27%, up from 26.6% last year. International sales accounted for 37% of revenue.

Worth a read is Apple’s mid-life crisis. “With the stock nearing $40, can shares of Apple Computer still be a buy?”

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