Apple Reports March Quarter 2006 Results

Apple Computer has reported financial results for the March 2006 quarter. According to the press release (19 April 2006), Apple:

posted revenue of $4.36 billion and a net quarterly profit of $410 million … . These results compare to revenue of $3.24 billion and a net profit of $290 million … in the year-ago quarter.

shipped 1,112,000 Macintosh® computers and 8,526,000 iPods during the quarter, representing 4 percent growth in Macs and 61 percent growth in iPods over the year-ago quarter.

The growth in Mac units slowed while some of the Apple product line was moved across to the Intel processor.

In addition to delivering the Apple Financial Results conference call through a Quicktime stream, I discovered (on the Investor Relations page) that Apple now has an Earnings Podcast, brilliant! Talk about vertical integration: content, computer hardware, operating system, iTunes, iPod, its all there. Now I can listen to the conference call while going to sleep. The only problem is, all the excitement keeps me awake.

From the conference call I heard:

  • the iPod had a 78 per cent market share in the USA during the month of March.
  • For the month of February, the iPod had a 58 per cent share of the Australian market.
  • the iTunes Music Store had an 87 per cent share of the US market.

On the conference call were Peter Oppenheimer (Chief Financial Officer), and Timothy D. Cook (Chief Operating Officer). It would be so cool to be CFO of Apple delivering such great results on the conference call. Tim Cook earned a Bachelor of Science degree in Industrial Engineering from Auburn University. That’s right across the road from the Mises Institute. It all comes back to Austrian economics. Sweet Home Alabama!

I find the language of the stock analysts interesting. When asking questions, they say things like, “could you add a little colour on the split between …” or “could you characterise what is going on in the iPod space …”. One analyst referred to the “Mactel” line. What the … ? There may be Wintel, but there is no “Mactel” line. The Mac is the Mac. Let’s have no “Mactel”.

© Danny Haynes

- posted 14 May 06 in

Comments

  1. Tim Haynes, 17 May 2006, 18:11:

    It’s takes a special type of person to report on such matters. Thank you Danny.

  2. David G, 18 May 2006, 08:34:

    What is Wintel and why don’t you want them to develop a Mactel?

  3. Danny Haynes, 19 May 2006, 00:25:

    Wintel is a concatenation of Windows and Intel. Aside from Mactel sounding like a cheap telephone company, the Mac is more than the processor. The processor is not so important that it should rate a mention in a one word title. It’s not Mac plus Intel; Intel is inside the Mac, part of the Mac. So the name Mac Core Duo, or Mac Core Solo is the way to go; similar to the previous iMac G4.

Leave your comment