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

To: JP Sullivan who wrote (45945)	7/14/2005 10:03:35 AM
From: William F. Wager, Jr.	Respond to of 213182

CC: Peter Oppenheimer - Apple Computer, Inc. - CFO, SVP of Finance and Corporate Controller Ben, let me start with the first part of your question, and Tim can add some comments regarding the second. The June quarter exceeded our expectations by over 250 million, and this was partially driven by the very successful launch of Tiger, and its effect on Mac sales. As we look forward to the September quarter, we would expect a sequential decline in software sales, and I would expect other product sales to offset that decline. Additionally, we are also being prudent in our first quarter after the Intel transition announcement and expect to learn more this quarter. The guidance that I have provided at 3.5 billion project very strong year-over-year revenue growth at 50%. Tim Cook - Apple Computer, Inc. - EVP of Worldwide Sales and Operations We don't comment on new products. The reasons are, as Peter said, we are being prudent on the announcement, and frankly, we think that 50% year-over-year growth is stunning. Tim Cook - Apple Computer, Inc. - EVP of Worldwide Sales and Operations Harry, on inventory, both the Mac and the iPod ended the quarter in their targeted inventory lines. On the iPod in particular, we began and ended the quarter within the range of four to six weeks. And we believe that most locations that we had around the world, our channel partners and our direct stores had good supply during the quarter, and that the 6.2 million unit number that Peter referenced in the preamble was representative of end-user demand during the quarter. In terms of the number of storefronts that are now selling iPods, we have approximately 25,000 around the world, which is an increase from around 21,000 that we had in previous quarters. Tim Cook - Apple Computer, Inc. - EVP of Worldwide Sales and Operations Rebecca, Tim. On Wal-Mart, with the results of the pilot that we had that we started running the previous quarter, we did elect to expand the distribution of the iPod shuffle to about 95% of their stores during last quarter. We also rolled out the select mini and white models to about 25% of the stores. We are continuing to watch this and decide whether to go further with that, including investigating some of their International locations. from CC transcript