Highlights from Apple's Q4 financial conference call
October 15, 2003 - 18:02 PDT   Apple has just concluded a conference call with financial analysts and press regarding the company's fourth quarter financial results. MacMinute was present and here are a few of the highlights from the briefing:

• Revenues for the quarter were US$1.715 billion; highest in three years
• Strong sales of iPod, iSight, AppleCare and Displays contributed greatly to results
• 4-5 weeks of current inventory
• 253,000 iMacs and eMacs shipped ($279 million)
• 137,000 iBooks shipped ($154 million)
• 221,000 Power Macs shipped ($419 million); all three G5 models "shipping in volume"
• 176,000 PowerBooks shipped ($348 million); "all time quarterly high for Apple"
• 336,000 iPods shipped ($121 million)
• iPod still commands no. 1 spot in MP3 player market
• Focus on expanding worldwide sales: iPod will be offered at 8,000 resellers before Christmas
• Apple retail stores had their first profitable quarter; $1 million profit
• Average quarterly revenue per store was $3.1 million ($2.6 million in Q3)
• 6 Apple Stores opened during quarter; 65 currently
• 73 stores planned to be open before Thanksgiving
• Traffic still strong: 4.3 million people visited stores during quarter (3.1 in Q3)
• SoHo store in New York shows "impressive" growth in traffic and sales
• Traffic in Chicago is strongest of all stores; 375,000 visitors this quarter
• Tokyo Apple Store will open before the end of the calendar year
• "Widespread weakness" in K12 education sales
• Poor sales due to reluctance of school districts to spend money in their first quarter
• Education shipments declined 15%
• Apple's "One-To-One" educational program is "the future of education"
• Cash up $25 million sequentially
• "Very well poised" for a strong upgrade cycle for professional customers due to G5, Quark 6, Panther
• Japan unit sales up 27%
• Europe unit sales up 16%
• As of March iPod sales: 50-50 Mac/PC
• CFO Fred Anderson did not deny iTunes for Windows
• Apple pleased with "Store within a store" program
• BestBuy pilot in 48 stores; some stores have badged Apple employees
• "Too soon to draw any conclusions" as to success of program
• "Extremely excited about Tokyo Japan opening"
• Apple has a "huge install base" in Japan

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