Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (44067)	4/13/2005 7:42:46 PM
From: Don Green	Read Replies (1) \| Respond to of 213182

Anyone see any Apple market share projections for computers? Obviously if there was something meaningful to report it would have been a key point? Was it? Other highlights of the conference call included: Apple said its music business generated 38% of Apple's total revenue and was up 280% compared to the year ago quarter. Revenue from Apple's retail stores more than doubled in the quarter from a year ago to $571 million. With of an average of 102 stores open during the quarter, Apple said average quarterly revenue per store was up $5.6 million, up more than $2 million a year ago -- a 60% increase. Traffic through the stores continues to grow at 9,800 per store per week, on average. 125 stores will be open by the end of the year, Mr. Oppenheimer said, with 10 stores outside of the U.S. Mr. Oppenheimer said the company is well within its normal range of four to five weeks worth of inventory on Macintosh CPUs. As for the educational market, Apple said U.S. school sales were the highest Q2 revenue in five years. "Overall education revenue increased 25% and CPU unit (sales) increased 21%," Mr. Oppenheimer said. Laptop, iPods and iMacs drove much of the educational sales, he said. "Higher ed continues to be extremely good for us," said Apple Executive Vice President of Worldwide Sales and Operations Tim Cook, much better than K12. Mr. Cook said the company was "at or near" a balance between supply and demand in the quarter for all of its iPod digital media devices. Inventory was at between four to six weeks as the quarter ended, he said. Mr. Cook said it is "very difficult" to determine if sales of the iPod shuffle had cannibalized sales of other iPod products, but thought the overall market for iPod products had grown. Mr. Oppenheimer said Apple was "very encouraged" by increased sales in Japan. Apple reported 102,000 CPU units sold in the region, on $284 million in sales. The company saw a 59% sequential increase in sales, and a 34% year-over-year improvement. Mr. Oppenheimer suggested that the iPod had "a very strong role" in attracting sales of new Macs, but he didn't provide specific numbers that might support the suggestion that the iPod is having a "halo effect" on Mac sales. Mr. Cook said the company has "resolved" earlier "isolated issues" of problems with the trackpad on some PowerBook models. Mr. Oppenheimer said that with the June quarter, Apple will no longer offer in-depth breakdowns of individual CPU sales, but instead will show only total desktop and laptop unit sales and revenue. The reason: "We want to more closely align the reporting we provide for our Mac and music business," said Mr. Oppenheimer. "We believe this will provide consistancy with a level of detail we provide for our music business as well as the level of detail provided by our major competitors in the personal computer industry." Although the new policy on individual CPU numbers has yet to begin, Mr. Oppenheimer refused to release sales figures and refused to elaborate on Mac mini sales when asked by an analyst. Apple did not provide a breakdown on Mac mini sales for the quarter, but Mr. Oppenheimer said, "We were very pleased with customer response (to the Mac mini)." Mr. Oppenheimer admitted iPod sales to Windows users "played a very strong role" in Apple's Q2 growth rate, year over year, but would not provide break down numbers.