Apple: Mac, ipod device sales climb globally
Apple’s greatest revenue-earning quarter since 1999 exceeded analyst’s expectations and saw strong demand across its product matrix in most territories, Apple announced yesterday.
Apple chief financial officer Fred Anderson reported profits of $63 million – exceeding analysts expectations. It had been Apple’s best quarter for 4 years.
The organization shifted 829,000 Macs Up 12 percent year-on-year and five percent sequentially.
Apple Chief executive officer Jobs opened up 2003 predicting it might be the entire year from the notebook, a conjecture that “came true”, Anderson stated. Notebook sales taken into account 48 percent of Mac sales, he stated, but strong demand existed across all products, barring the imac desktop, where unit sales declined 24 percent year-on-year.
First quarter 2004 unit sales and year-on-year changes follow: 195,000 PowerBooks sales (up 93 percent) 201,000 iBook sales (up 8 percent) 206,000 Power Mac sales (up 30 percent) and 227,000 iMacs and eMacs shifted (lower 24 percent). Year-on-year CPU revenues rose 15 percent for $1.3 billion.
Within an positive conjecture for Apple’s recovery within the pro desktop market, Anderson stated: “In my opinion Power Mac sales could be sustained at approximately 200,000 units per quarter – some quarters is a bit greater, some is a bit lower.”
Anderson also accepted to the organization placing money aside to handle the well-known “faint white-colored place” around the display some Mac notebook customers had experienced. Apple has set funds aside to cope with this, the CFO recommended affected customers contact AppleCare.
“For just about any new systems being shipped, these complaints happen to be resolved,” he added.
On the global territory-by-territory basis, Apple’s fortunes improved worldwide: while overall revenue rose 25 percent in the year-earlier quarter within the Americas, global gains were better. Revenues rose 48 percent in Europe, 13 percent in Japan and 55 percent within the Asia-Off-shore region excluding Japan.
Apple’s precious education market continued to be fairly stable, sales to greater education customers were up strongly year-over-year, while sales with other schools declined slightly. However, Apple lately acquired share of the market within the United kingdom education sector, the organization revealed a week ago.
Investment firm Merrill Lynch & Co. opened up a few days having a positive report of their expectations for Apple, recommending the stock like a ‘buy’. It stated it’s happy with Apple’s current strategy and range of products.
“We believe Apple has become its act together in concentrating on core markets, creating a mature management team, and many important innovating again,” Merrill Lynch authored. “Individuals will pay more for Porsches, but they need to perform.”
Apple’s stock fell slightly in buying and selling yesterday, as some investors presumably liquidised any profits they’ve already made around the company’s stock performance to date.