Apple Q1 Analyst Conference Call - Live Update

Apple CFO Peter Oppenheimer opened today's conference call with analysts recapping the company's already-reported Q1 05 revenue numbers: Apple reported revenume of $3.49 billion for the quarter, with a net profit of $295 million. Apple shipped 1.046 million Macintosh units for the quarter, a 26 percent increase. iPod unit sales totaled 4.58 million, a 525 percent increase over the year-ago quarter.

Apple's iMac G5 was well-received -- the company sold a combined 456,000 units of iMac and eMac systems for the quarter, compared to 229,000 for the previous quarter and 227,000 for the same quarter a year ago.

Apple's iPod sales for previous quarters were 2.016 million for the previous quarter and 733,000 units for the same quarter a year ago.

Oppenheimer said the company's revenue in Japan was up 18 percent year-over-year, a 26 percent increase when factoring in the Apple Japan retail stores.

Apple has $6.448 billion in cash and short-term investments, according to Oppenheimer. Total capital expenditures were $58 million.

Apple is anticipating $2.9 billion in revenue for the current quarter.

Oppenheimer characterized the results of the first quarter as "off to a great start."

Apple VP Tim Cook said that Power Mac G5 systems and iMac G5 systems shipped as expected for the quarter, but the company did exit the quarter with a backlog of orders for the 2.5GHz model of Power Mac, as well as iPod.

Oppenheimer admitted the "halo effect" of potential iPod sales is hard to measure, but expressed optimism that the low to mid 40 percent range of new Mac users measured by Apple retail stores as a good result.

This concludes our coverage of the conference call.

This story, "Apple Q1 Analyst Conference Call - Live Update" was originally published by PCWorld.

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