Apple Exceeded Q4 Financial Expectations by 15%.

1999–2004October 16, 2003Macs Only!Apple business
Yesterday, Apple reported earnings on operations of $0.08 per share versus $0.07 forecast by a group of analysts in Thomson First Cal as we reported yesterday. With one-time revenue, the earnings per share was $0.12 and a profit of $44 million for the fourth quarter. The same quarter last year Apple reported a $45 million loss. Revenue and gross margins were both up substantially for the same quarter.

Apple sold 787,000 Macs (up 7%) and 336,000 iPods (up 140%). The breakdown is as follows:

Sales (Units in 1000's/$ in millions's)
Mac
Q4 2003 Units/$
Q4 2002 Units/$
iMac
253/279
318/372
iBook
137/154
182/234
Power Mac
221/419
176/346
PowerBook
176/348
58/142
iPod
336/121
140/53
Peripherals
---/217
---/140
Software
---/177
---/156

The iMac and iBook sales were down but the rest were up, particularly the PowerBooks and iPods. Retail store sales up substantially to $193 million from $102 million a year ago.

“It was a great new product quarter for Apple,” said Steve Jobs, Apple’s CEO. “We launched the Power Mac G5, the fastest personal computer in the world, new PowerBooks and new iPods. Plus, we’re delivering Panther, the next major release of Mac OS X, later this month and we’ll have some exciting news regarding our music efforts tomorrow.”

For the year, the Company reported net income of $69 million on revenues of $6.21 billion compared to net income of $65 million on revenues of $5.74 billion in 2002.

We think Apple has done an outstanding job. Here is Apple's press release.

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