Apple reveals G5 iMac plans
Apple CFO Peter Oppenheimer opened today's conference call with analysts with a recap of the points of Apple's Wednesday quarterly results press release: The company reported a US$61 million profit or $0.16 per diluted share for the quarter, compared to $19 million profit or $0.05 per diluted share for the same quarter a year ago. Revenue for the quarter was $2.014 billion, up 30 percent from the same quarter a year ago.
Oppenheimer also confirmed that the new iMac coming this September will be based on a G5 processor. The delay in the new model's release is supply problem involving the G5 processor itself -- it's manufactured by IBM in its East Fishkill, NY. facility.
Oppenheimer said that IBM's supply issues are the industry's supply issues -- the switch to 90 nanometer scale production has not been as smooth as anyone in the business expected. He did say that IBM has made progress in working out those issues, however.
Turning to Apple's retail store results, Oppenheimer indicated that Apple saw $3.2 million in average quarterly revenue per store. That's up from $2.6 million per store year-over-year. The company estimates that 5.8 million people visited stores during the quarter.
Oppenheimer mentioned that iTunes made a small profit in this quarter in response to an analyst's question, but did not offer specific details of the store's specific results.
iPod questions abounded during the session. Apple reported 860,000 iPods shipped during the quarter, and in questions and answers with analysts Oppenheimer and Apple VP Tim Cook made it clear that demand outstripped supply, especially on the popular iPod mini, which is just shipping internationally starting this month.
"Frankly, Japan is our weakest-performing [geographic area]," said Cook. He said the company is continuing to make changes to try to attract customers. To that end, the company's Tokyo store is succeeding.