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Wed, 14 Jul 2004
Apple Third Quarter Results
Apple® today announced financial results for its fiscal 2004 third quarter ended June 26, 2004. For the quarter, the Company posted a net profit of $61 million, or $.16 per diluted share. These results compare to a net profit of $19 million, or $.05 per diluted share, in the year-ago quarter. Revenue for the quarter was $2.014 billion, up 30 percent from the year-ago quarter. Gross margin was 27.8 percent, up from 27.7 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter’s revenue.
The 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.
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.
“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.”
“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 ahead to the fourth quarter of fiscal 2004, we expect revenue of about $2.1 billion and earnings per diluted share of $.16 to $.17, including $.01 per diluted share in restructuring charges.”
A few interesting items:
* Portables accounted for a record proportion of Apple's sales, 53% - 240,000 iBooks and 220,000 PowerBooks.
* Apple sold 416,000 desktop Macs, including 183,000 eMacs, 173,000 Power Macs and 60,000 iMacs.
* IBM's problems delivering "G5" processors were blamed for Apple's delay in announcing and delivering the new (G5-based) iMac family, now due in September, as well as Power Mac G5 models. The 2.5-GHz (liquid-cooled) G5 is expected to be constrained throughout the current quarter, while 1.8- and 2.0-GHz models will be in short supply until August.
* Medium and large business represented about 9% of Apple's sales, according to the company's last internal estimate.
* Higher education sales were up 40% over the previous year's, while K-12 sales were constrained by low funding in the market but rose 3% year-over-year
CreativePage 3.2.2 released
PineHill Products has released CreativePage 3.2.2, the latest upgrade to their HTML editor. CreativePage is very easy to use yet offers advanced features such as syntax coloring, built-in FTP, and over 30 XHTML assistants. Version 3.2.2 adds Safari preview support.
Inventive Releases iClip 3.1 Productivity Software for Apple Mac OS X
New CD Version Available, Clipboard Recording Feature Added, Macworld Expo Discount Offered
Inventive, Inc. announces the release of iClip version 3.1 productivity software for Apple Macintosh computers with OS X. Newly available is a CD version of iClip. For version 3.1, iClip now automatically records changes to the Clipboard, making it serve as a more powerful multiple clipboard. Additionally, a 25% discount to celebrate the Macworld Expo in Boston this week is available by using the coupon code MWEB04 at purchase time (expires 7/15).
iClip is a multiple clipboard/scrapbook/launcher application designed to improve user efficiency and productivity for various computing tasks. iClip functions as a floating window that allows users to store and retrieve various clippings, such as text, pictures, URLs, file aliases, movies, etc. in it's multiple bins. Clippings can be arranged into groups to keep users organized. iClip helps eliminate redundant typing, especially in tasks like filling out online forms. It's widely used to assist general purpose tasks such as word processing, web browsing, and research, while webmasters, graphic designers, and programmers also find iClip to be useful in their more specialized tasks.
"iClip has quickly become a very popular productivity application for the Mac and we're extremely pleased that it will now also be available to users who prefer the retail experience. We're working with various Mac retailers and distributors and expect the CD version to soon be in widespread distribution," said John Casasanta, President of Inventive.
Pricing and Availability
iClip 3.1 is available now for Mac OS X 10.2 or later on CD or as a "try-before-you-buy" download at http://inventive.us/iClip/. It can be purchased for $29.95 USD for the CD version and $19.95 USD for the trial version. The version 3.1 upgrade is free to registered users of any previous version.
About Inventive
Inventive develops and publishes computer software applications designed to help people become more efficient and more productive. Inventive is a privately funded corporation founded in 2002.