Apple
APPLE COMPUTER INC (Form: 8-K, Received: 10/11/2005 16:27:53)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

 

October 11, 2005

Date of Report (date of earliest event reported)

 

APPLE COMPUTER, INC.

(Exact name of Registrant as specified in its charter)

 

California

 

0-10030

 

94-2404110

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification Number)

 

1 Infinite Loop, Cupertino, CA 95014

(Address of principal executive offices)

 

(408) 996-1010

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed
since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

Item 2.02                Results of Operations and Financial Condition

 

On October 11, 2005, Apple Computer, Inc. (Apple) issued a press release regarding Apple’s financial results for its fourth fiscal quarter ended September 24, 2005 and a related data sheet. A copy of Apple’s press release is attached hereto as Exhibit 99.1 and a copy of the related data sheet is attached hereto as Exhibit 99.2.

 

The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

 Item 9.01               Financial Statements and Exhibits

 

(d) Exhibits

 

The following exhibits are furnished herewith:

 

Exhibit
Number

 

Description

 

 

 

99.1

 

Text of press release issued by Apple Computer, Inc. dated October 11, 2005.

 

 

 

99.2

 

Data sheet issued by Apple Computer, Inc. dated October 11, 2005.

 

2



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

APPLE COMPUTER, INC.

Date: October 11, 2005

 

 

 

By:

/s/ Peter Oppenheimer

 

 

Peter Oppenheimer

 

 

Senior Vice President and

 

 

Chief Financial Officer

 

3



 

EXHIBIT INDEX

 

Exhibit
Number

 

Description

 

 

 

99.1

 

Text of press release issued by Apple Computer, Inc. dated October 11, 2005.

 

 

 

99.2

 

Data sheet issued by Apple Computer, Inc. dated October 11, 2005.

 

4


Exhibit 99.1

 

Apple Reports Fourth Quarter Results

 

Apple Concludes Best Quarter & Best Year in Company History

 

CUPERTINO, California—October 11, 2005—Apple® today announced financial results for its fiscal 2005 fourth quarter ended September 24, 2005, reporting the highest revenue and earnings in the Company’s history. Apple posted revenue of $3.68 billion and a net quarterly profit of $430 million, or $.50 per diluted share. These results compare to revenue of $2.35 billion and a net profit of $106 million, or $.13 per diluted share, in the year-ago quarter. Gross margin was 28.1 percent, up from 27.0 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter’s revenue.

 

Earnings per share benefited by $.12 from several tax items related to net deferred tax assets, tax reserves, and a revision to the full year tax rate estimated in prior quarters.

 

Apple shipped 1,236,000 Macintosh® units and 6,451,000 iPods during the quarter, representing 48 percent growth in Macs and 220 percent growth in iPods over the year-ago quarter.

 

For fiscal 2005, the Company generated revenue of $13.93 billion and a net profit of $1.335 billion, reflecting annual growth of 68 percent and 384 percent, respectively, and representing the highest annual revenue and net profit in the Company’s history.

 

“We’re thrilled to have concluded the best year in Apple’s history, with 68 percent year-over-year revenue growth and 384 percent net profit growth,” said Steve Jobs, Apple’s CEO. “This is the direct result of our focus on innovation and the immense talent and creativity at Apple. We could not be more excited about the new products we’re working on for 2006.”

 

“We’re very pleased to report 48 percent year-over-year growth in Mac shipments in Q4, as well as our 10th consecutive quarter of record iPod sales,” said Peter Oppenheimer, Apple’s CFO. “Looking ahead to the first quarter of fiscal 2006 which will span 14 weeks, we expect revenue of about $4.7 billion. We expect GAAP earnings per diluted share of about $.46, including an estimated $.03 per share expense impact from non-cash share-based compensation, translating to non-GAAP EPS of about $.49.”

 



 

Apple will provide live streaming of its Q4 2005 financial results conference call utilizing QuickTime™, Apple’s standards-based technology for live and on-demand audio and video streaming. The live webcast will begin at 2:00 p.m. PDT on Tuesday October 11, 2005 at http://www.apple.com/quicktime/qtv/earningsq405/ and will also be available for replay. The QuickTime player is available free for Macintosh and Windows users at www.apple.com/quicktime .

 

This press release contains forward-looking statements about the Company’s estimated revenue and earnings as well as the estimated expense impact of adoption of SFAS 123R for the first quarter of fiscal 2006. These statements involve risks and uncertainties and actual results may differ. Potential risks and uncertainties include continued competitive pressures in the marketplace; the effect competitive and economic factors and the Company’s reaction to them may have on consumer and business buying decisions with respect to the Company’s products; the ability of the Company to make timely delivery of new programs, products and successful technological innovations to the marketplace; the continued availability on acceptable terms of certain components and services essential to the Company’s business currently obtained by the Company from sole or limited sources including G4 and G5 microprocessors; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements, and reduced end-user purchases relative to expectations; possible disruption in commercial activity as a result of natural disasters or major health concerns including epidemics; risks associated with the Company’s retail initiative including significant investment cost, uncertain consumer acceptance and potential impact on existing reseller relationships; the effect that the Company’s dependency on manufacturing and logistics services provided by third parties may have on the quality, quantity or cost of products manufactured or services rendered; the Company’s reliance on the availability of third-party music content; the ability of the Company to successfully evolve its operating system; the ability of the Company to make timely delivery of new products with Intel microprocessors and related hardware and software technological changes and innovations to support Intel microprocessors; the development and availability on acceptable terms of components and services essential to enable the Company to deliver products based on Intel microprocessors in a timely manner; the Company’s dependency on third-party software developers to timely develop future applications that support Intel microprocessors and Power PC microprocessors; and the potential negative impact the transition of all Macs to Intel microprocessors by the end of 2007, or the announcement of such transition, might have on sales of current or future Mac products with Power PC processors. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 25, 2004, the Company’s Form 10-Q for the quarter ended December 25, 2004, the Company’s Form 10-Q for the quarter ended March 26, 2005, and the Company’s Form 10-Q for the quarter ended June 25, 2005. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

 



 

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning desktop and notebook computers, OS X operating system, and iLife and professional applications. Apple is also spearheading the digital music revolution with its iPod portable music players and iTunes online music store.

 

Press Contact:

Steve Dowling

(408) 974-1896

dowling@apple.com

 

Investor Relations Contacts:

Nancy Paxton

(408) 974-5420

paxton1@apple.com

 

Joan Hoover

(408) 974-4570

hoover1@apple.com

 

NOTE TO EDITORS: For additional information visit Apple’s PR website (www.apple.com/pr/ ), or call Apple’s Media Helpline at (408) 974-2042.

 

© 2005 Apple Computer, Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, Power Mac and QuickTime are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

 



 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

 

(In millions, except share amounts)

 

 

 

September 24,
2005

 

September 25,
2004

 

ASSETS:

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

 

$

3,491

 

$

2,969

 

Short-term investments

 

4,770

 

2,495

 

Accounts receivable, less allowances of $46 and $47, respectively

 

895

 

774

 

Inventories

 

165

 

101

 

Deferred tax assets

 

331

 

231

 

Other current assets

 

648

 

485

 

Total current assets

 

10,300

 

7,055

 

Property, plant, and equipment, net

 

817

 

707

 

Goodwill

 

69

 

80

 

Acquired intangible assets

 

27

 

17

 

Other assets

 

338

 

191

 

Total assets

 

$

11,551

 

$

8,050

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY:

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Accounts payable

 

$

1,779

 

$

1,451

 

Accrued expenses

 

1,705

 

1,200

 

Total current liabilities

 

3,484

 

2,651

 

Non-current liabilities

 

601

 

323

 

Total liabilities

 

4,085

 

2,974

 

 

 

 

 

 

 

Commitments and contingencies

 

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity:

 

 

 

 

 

Common stock, no par value; 1,800,000,000 shares authorized; 835,019,364 and 782,887,234 shares issued and outstanding, respectively

 

3,521

 

2,514

 

Deferred stock compensation

 

(60

)

(93

)

Retained earnings

 

4,005

 

2,670

 

Accumulated other comprehensive income (loss)

 

 

(15

)

Total shareholders’ equity

 

7,466

 

5,076

 

Total liabilities and shareholders’ equity

 

$

11,551

 

$

8,050

 

 



 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

 

(In millions, except share and per share amounts)

 

 

 

Three Months Ended

 

Twelve Months Ended

 

 

 

September 24,
2005

 

September 25,
2004

 

September 24,
2005

 

September 25,
2004

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

3,678

 

$

2,350

 

$

13,931

 

$

8,279

 

Cost of sales

 

2,643

 

1,716

 

9,888

 

6,020

 

Gross margin

 

1,035

 

634

 

4,043

 

2,259

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Research and development

 

147

 

122

 

534

 

489

 

Selling, general, and administrative

 

470

 

379

 

1,859

 

1,421

 

Restructuring costs

 

 

5

 

 

23

 

Total operating expenses

 

617

 

506

 

2,393

 

1,933

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

418

 

128

 

1,650

 

326

 

Other income and expense:

 

 

 

 

 

 

 

 

 

Gains on non-current investments

 

 

 

 

4

 

Interest and other income, net

 

60

 

19

 

165

 

53

 

Total other income and expense

 

60

 

19

 

165

 

57

 

 

 

 

 

 

 

 

 

 

 

Income before provision for income taxes

 

478

 

147

 

1,815

 

383

 

Provision for income taxes

 

48

 

41

 

480

 

107

 

Net income

 

$

430

 

$

106

 

$

1,335

 

$

276

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

$

0.14

 

$

1.65

 

$

0.37

 

Diluted

 

$

0.50

 

$

0.13

 

$

1.56

 

$

0.36

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing earnings per share (in thousands):

 

 

 

 

 

 

 

 

 

Basic

 

821,420

 

766,926

 

808,439

 

743,180

 

Diluted

 

866,404

 

805,812

 

856,780

 

774,622

 

 



 

RECONCILIATION OF NON-GAAP TO GAAP RESULTS OF OPERATIONS

 

(in millions, except share and per share amounts)

 

 

 

Three Months Ended September 24, 2005

 

Three Months Ended September 25, 2004

 

 

 

As
Reported

 

Non-GAAP
Adjustments (a)

 

Non-GAAP

 

As Reported

 

Non-GAAP
Adjustments (a)

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

418

 

$

11

(b)

$

429

 

$

128

 

$

16

(c)

$

144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other income and expense

 

60

 

 

60

 

19

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

48

 

1

(d)

49

 

41

 

3

(d)

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

430

 

$

10

 

$

440

 

$

106

 

$

13

 

$

119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.52

 

 

 

$

0.54

 

$

0.14

 

 

 

$

0.16

 

Diluted

 

$

0.50

 

 

 

$

0.51

 

$

0.13

 

 

 

$

0.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing earnings per share (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

821,420

 

 

 

821,420

 

766,926

 

 

 

766,926

 

Diluted

 

866,404

 

 

 

866,404

 

805,812

 

 

 

805,812

 

 


(a)        These adjustments reconcile the Company’s GAAP results of operations to its non-GAAP results of operations. The Company believes that presentation of results excluding items such as non-cash share-based compensation, restructuring costs, and investment gains provides meaningful supplemental information to both management and investors that is indicative of the Company’s core operating results and facilitates comparison of operating results across reporting periods. The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes.  These non-GAAP measures should not be viewed as a substitute for the Company’s GAAP results. Neither the Company’s GAAP nor non-GAAP results of operations include the accounting impact had the Company chosen to apply the fair-value recognition provisions of SFAS No. 123 or SFAS No. 123 revised (123R) to expense share-based compensation, the impact of which is disclosed in the Company’s Forms 10-Q and 10-K as filed with the SEC. The Company will adopt SFAS No. 123R in its first fiscal quarter ending December 31, 2005.

 

(b)        This adjustment reflects the non-cash compensation expense related primarily to restricted stock awarded to the Company’s CEO in fiscal 2003 and restricted stock units awarded to members of the Company’s senior management team in fiscal 2004 and 2005.  Of the total non-cash compensation expense of $11 million, $1 million is included in cost of sales; $2 million is included in research and development expense; and $8 million is included in selling, general and administrative expense. Note that neither the Company’s GAAP nor non-GAAP results of operations includes the accounting impact had the Company chosen to apply the fair-value recognition provisions of SFAS No. 123R.

 

(c)         This adjustment includes $5 million related to restructuring actions initiated during the fourth quarter of fiscal 2004 as well as $11 million related to non-cash compensation expense primarily attributable to restricted stock awarded to the Company’s CEO and restricted stock units awarded to members of the Company’s senior management team. Of the total non-cash compensation expense of $11 million, $1 million is included in cost of sales; $2 million is included in research and development expense; and $8 million is included in selling, general and administrative expense.

 

(d)        Amount reflects the expected tax impact on the above noted non-GAAP adjustments.

 



 

RECONCILIATION OF NON-GAAP TO GAAP RESULTS OF OPERATIONS

 

(in millions, except share and per share amounts)

 

 

 

Twelve Months Ended September 24, 2005

 

Twelve Months Ended September 25, 2004

 

 

 

As
Reported

 

Non-GAAP
Adjustments (a)

 

Non-GAAP

 

As
Reported

 

Non-GAAP
Adjustments (a)

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

1,650

 

$

42

(b)

$

1,692

 

$

326

 

$

57

(c)

$

383

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total other income and expense

 

165

 

 

165

 

57

 

(4

)(d)

53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

480

 

4

(e)

484

 

107

 

10

(e)

117

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,335

 

$

38

 

$

1,373

 

$

276

 

$

43

 

$

319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.65

 

 

 

$

1.70

 

$

0.37

 

 

 

$

0.43

 

Diluted

 

$

1.56

 

 

 

$

1.60

 

$

0.36

 

 

 

$

0.41

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computing earnings per share (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

808,439

 

 

 

808,439

 

743,180

 

 

 

743,180

 

Diluted

 

856,780

 

 

 

856,780

 

774,622

 

 

 

774,622

 

 


(a)        These adjustments reconcile the Company’s GAAP results of operations to its non-GAAP results of operations. The Company believes that presentation of results excluding items such as non-cash share-based compensation, restructuring costs, and investment gains provides meaningful supplemental information to both management and investors that is indicative of the Company’s core operating results and facilitates comparison of operating results across reporting periods. The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes.  These non-GAAP measures should not be viewed as a substitute for the Company’s GAAP results. Neither the Company’s GAAP nor non-GAAP results of operations include the accounting impact had the Company chosen to apply the fair-value recognition provisions of SFAS No. 123 or SFAS No. 123 revised (123R) to expense share-based compensation, the impact of which is disclosed in the Company’s Forms 10-Q and 10-K as filed with the SEC. The Company will adopt SFAS No. 123R in its first fiscal quarter ending December 31, 2005.

 

(b)        This adjustment reflects the non-cash compensation expense related primarily to restricted stock awarded to the Company’s CEO in fiscal 2003 and restricted stock units awarded to members of the Company’s senior management team in fiscal 2004 and 2005.  Of the total non-cash compensation expense of $42 million, $2 million is included in cost of sales; $6 million is included in research and development expense; and $34 million is included in selling, general and administrative expense. Note that neither the Company’s GAAP nor non-GAAP results of operations includes the accounting impact had the Company chosen to apply the fair-value recognition provisions of SFAS No. 123R.

 

(c)         This adjustment includes $23 million related to restructuring actions initiated during fiscal 2004 as well as $34 million related to non-cash compensation expense primarily attributable to restricted stock awarded to the Company’s CEO and restricted stock units awarded to members of the Company’s senior management team. Of the total non-cash compensation expense of $34 million, $1 million is included in cost of sales; $4 million is included in research and development expense; and $29 million is included in selling, general and administrative expense.

 

(d)        This adjustment represents gain on sales of non-current investments.

 

(e)         Amount reflects the expected tax impact on the above noted non-GAAP adjustments.

 



 

RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL GUIDANCE SUMMARY

 

(in millions, except per share amounts)

 

The financial guidance provided below is an estimate based on information available as of October 11, 2005. The Company’s future performance and financial results are subject to risks and uncertainties, and actual results could differ materially from the guidance set forth below. Some of the factors that could affect the Company’s financial results are stated above in this press release. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-K for the fiscal year ended September 25, 2004, the Company’s Form 10-Q for the quarter ended December 25, 2004, the Company’s Form 10-Q for the quarter ended March 26, 2005, and the Company’s Form 10-Q for the quarter ended June 25, 2005. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

 

 

 

Q1 2006 Financial Guidance Summary

 

 

 

GAAP

 

Non-GAAP
Adjustments (a)  

 

Non-GAAP

 

 

 

 

 

 

 

 

 

Gross margin

 

27.3

%

0.1

%(b)

27.4

%

 

 

 

 

 

 

 

 

Operating expenses

 

$

760

 

(40

)(b)

$

720

 

 

 

 

 

 

 

 

 

Provision for income taxes

 

$

188

 

14

(c)

$

202

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$

0.46

 

$

0.03

(d)

$

0.49

 

 


(a)        These adjustments reconcile the Company’s GAAP to its non-GAAP financial guidance for the first quarter of fiscal 2006.  The Company believes that excluding items such as non-cash share-based compensation provides meaningful supplemental information to both management and investors that is indicative of the Company’s core operating results and facilitates comparison of operating results across reporting periods.  The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes.  These non-GAAP measures should not be viewed as a substitute for the Company’s GAAP results.

 

(b)        This adjustment reflects the expected non-cash compensation expense attributable to share-based compensation awards including restricted stock and restricted stock units, employee stock options and shares issued under the employee stock purchase plan. This amount reflects the total estimated expense of non-cash share-based compensation subsequent to the application of SFAS 123 revised (123R), which the Company will adopt in the first quarter of fiscal 2006.

 

(c)         Amount reflects the expected tax impact on the above noted non-GAAP adjustments.

 

(d)        This adjustment represents the expected net of tax impact on earnings per share from the non-GAAP adjustments related to share-based compensation expense.

 


Exhibit 99.2

 

Apple Computer, Inc.

Q4 2005 Unaudited Summary Data

 

 

 

Q3 2005 Actual

 

Q4 2004 Actual

 

Q4 2005 Actual

 

Sequential Change

 

Year/Year Change

 

Operating Segments

 

CPU Units k

 

Rev $m

 

CPU Units k

 

Rev $m

 

CPU Units k

 

Rev $m

 

Units

 

Revenue

 

Units

 

Revenue

 

Americas

 

595

 

$

1,739

 

471

 

$

1,196

 

636

 

$

1,771

 

7

%

2

%

35

%

48

%

Europe

 

283

 

742

 

155

 

423

 

259

 

779

 

-8

%

5

%

67

%

84

%

Japan

 

76

 

227

 

56

 

175

 

71

 

224

 

-7

%

-1

%

27

%

28

%

Retail

 

144

 

555

 

98

 

376

 

202

 

663

 

40

%

19

%

106

%

76

%

Other Segments (1)

 

84

 

257

 

56

 

180

 

68

 

241

 

-19

%

-6

%

21

%

34

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Operating Segments

 

1,182

 

$

3,520

 

836

 

$

2,350

 

1,236

 

$

3,678

 

5

%

4

%

48

%

57

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sequential Change

 

Year/Year Change

 

 

 

Units k

 

Rev $m

 

Units k

 

Rev $m

 

Units k

 

Rev $m

 

Units

 

Revenue

 

Units

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product Summary

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Desktops (2)

 

687

 

$

845

 

385

 

$

556

 

602

 

$

787

 

-12

%

-7

%

56

%

42

%

Portables (3)

 

495

 

720

 

451

 

675

 

634

 

824

 

28

%

14

%

41

%

22

%

Subtotal CPUs

 

1,182

 

1,565

 

836

 

1,231

 

1,236

 

1,611

 

5

%

3

%

48

%

31

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

iPod

 

6,155

 

1,103

 

2,016

 

537

 

6,451

 

1,212

 

5

%

10

%

220

%

126

%

Other Music Products (4)

 

NM

 

241

 

NM

 

98

 

NM

 

265

 

NM

 

10

%

NM

 

170

%

Peripherals & Other HW

 

NM

 

266

 

NM

 

271

 

NM

 

296

 

NM

 

11

%

NM

 

9

%

Software & Other

 

NM

 

345

 

NM

 

213

 

NM

 

294

 

NM

 

-15

%

NM

 

38

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Apple

 

 

 

$

3,520

 

 

 

$

2,350

 

 

 

$

3,678

 

 

 

4

%

 

 

57

%

 


(1) Other Segments include Asia Pacific and FileMaker.

(2) Includes iMac, eMac, Mac mini, PowerMac and Xserve product lines.

(3) Includes iBook and PowerBook product lines.

(4) Other Music Products consists of iTunes Music Store sales and iPod related services and accessories.

 

NM:  Not Meaningful