Apple the Music Company
Friday, January 20th, 2006Via MacRumours, I got this data from Apple’s quarterly financial conference call:
– Macs shipped: 1,254,000 (20% growth over 2005 Q1)
— 587,000 iBooks and Powerbooks shipped
— 667,000 desktop systems shipped
– iPods shipped: 14,043,000 (207% growth over 2005 Q1)
– Revenue: $5.75 billion, 40% from international sales ($3.49 billion in 2005 Q1)
– Music: 59% of total revenue
– Net quarterly profit: $565 million ($295 million in 2005 Q1)
– Retail profits were $90 million.
– Gross margin: 27.2% (28.5% in 2005 Q1)
Note that music is 59% of Apple’s revenue, and tripled year over year, whereas their Mac computer sales grew a mere 20%. Apple would have loved the latter figure 3 years ago – now it’s just ‘meh’.
So Apple’s music revenues are about one and a half times their computer revenues.
Apple is no longer a niche computer company with an interesting sideline music play.
They’re a dominant music industry titan with an interesting sideline in computers.
