Apple's Q3 $61-million Profit Beat Analysts Estimates

The consensus analyst earnings estimate for Apple reported by Forbes was 15 cents per diluted share. As we noted yesterday, Apple usually beats the estimate and actually posted 16 cents per diluted share in earnings for the third quarter, nearly 7 per cent higher. Apple sold 876,000 CPUs with revenues of $2.014 billion, up 14 and 30 per cent respectively over last year's Q3.

Here are the year over year third quarter unit sales in thousands:

Apple Q3 2004 Unit Sales ('000s)
CPU
Year
Q3-2004
Q3-2003
iMac
243
287
iBook
240
190
Power Mac
173
133
PowerBook
220
161
iPod
860
304

All sales are up significantly except for the iMac. Apple's retail store revenue increased 86 per cent. The only region not showing sales growth was Japan. Sales from Apple's iTunes Music Store and iPod accessories together were up a whopping 508 per cent.

During the webcast conference call, now available for rebroadcast from this Apple web page, Apple CFO Peter Oppenheimer mentioned that the new iMac will have a G5 CPU and that the delay in releasing it has been caused by IBM's manufacturing problems.

Here is Apple's press release.

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