Apple Computer Inc. on Wednesday reported a profit of $61 million or $.16 per diluted share for its fiscal third quarter ended June 26, 2004.
“It was an outstanding quarter-our highest third quarter revenue in eight years,” said Steve Jobs, Apple’s CEO. “Our Mac-based revenue grew a healthy 19 percent, and our music-based revenue grew an incredible 162 percent. We’ve got a strong product portfolio, with some amazing new additions coming later this year.”
In comparison to the year-ago quarter, Apple had a net profit of $19 million, or $.05 per diluted share. Revenue for this quarter was $2.014 billion, up 30 percent from the year-ago quarter. Apple indicated that accounted for 39 percent of the quarter’s revenue.
Apple shipped 876 thousand Macintosh units and 860 thousand iPods during the quarter, representing a 14 percent increase in CPU units and a 183 percent increase in iPods over the year-ago quarter.
“We were very pleased with our 30 percent year-over-year revenue growth and our operating margin expansion,” said Peter Oppenheimer, Apple’s CFO.
Looking forward Oppenheimer said he expects the fourth quarter of fiscal 2004, to have revenue of about $2.1 billion and earnings per diluted share of $.16 to $.17, including $.01 per diluted share in restructuring charges.”
This quarter’s results include an after-tax restructuring charge of $6 million. Excluding this charge, the Company’s net profit for the quarter would have been $67 million, or $.17 per diluted share.