The conference call has ended.
Fred Anderson (CFO): Sales of Blue Dalmation iMacs account for approximately 28 percent of total iMac sales One-third of sales come from the Apple Online Store 28 percent of iMac owners are first time buyers, 15 percent coming from Windows Direct business represented close to a third of their total business for the quarter. beginning to see early signs of softening in Europe, with strongest demand in the US and Japan. Expecting revenues for second half to be in $3.2-$3.4 billion range. Expects gross margins to be close to 27 percent target. Outlook: Expecting revenues for second half to be in $3.2-$3.4 billion range. Outlook: Expects gross margins to be close to 27 percent target. Outlook: “We feel very good about the quarter’s results” despite the current economic outlook. Expects to close the PowerSchool acquisition deal by end of month. Ended quarter with over $4.1 billion in cash and less than $10 million in inventory. Gross margins are up, thanks to strong demand for pro products. Components costs dropped, as well. Mac OS X sales in last week of quarter. Operating costs were in line with expectations. Apple still owns over 8 million shares of ARM. Earthlink equity investments were written down, as well. talked about introduction of Power Mac G4s, iMacs, and Titanium PowerBook, as well as software offerings including Mac OS X. “The Titanium PowerBook G4 has been a huge success for Apple” said that 115,000 units have shipped so far, and production has ramped up. Mac OS X generated $19 million in revenues the first week. we had a lot to accomplish in the march quarter. drove channel inventory down by 100K units, by 5.5 weeks to 4 weeks, well ahead of schedule. most importantly, returned the company to profitability with net return of 11 cents per share.
Nancy Paxton: revenue of 1.43 billion, net profit of 43 million