Apple reveals G5 iMac plans

Apple surprised everyone today after confirming that they are developing a G5 iMac. This new iMac will feature a new enclosure and of course a sexy G5 processor. Good news is you don't have to wait long; Apple is expected to start shipping the new iMac this September.

Apple CFO Peter Oppenheimer opened today's conference call with analysts with a recap of the points of Apple's Wednesday quarterly results press release: The company reported a US$61 million profit or $0.16 per diluted share for the quarter, compared to $19 million profit or $0.05 per diluted share for the same quarter a year ago. Revenue for the quarter was $2.014 billion, up 30 percent from the same quarter a year ago. Oppenheimer also confirmed that Apple's next-generation iMac, due in September, will be based around the G5 processor.

Oppenheimer also let it be known that the new iMac coming this September will be based on a G5 processor. The delay in the new model's release is supply problem involving the G5 processor itself -- it's manufactured by IBM in its East Fishkill, NY. Oppenheimer said that IBM's supply issues are the industry's supply issues -- the switch to 90 nanometer scale production has not been as smooth as anyone in the business expected. He did say that IBM has made progress in working out those issues, however. Turning to Apple's retail store results, Oppenheimer indicated that Apple saw $3.2 million in average quarterly revenue per store. That's up from $2.6 million per store year-over-year. The company estimates that 5.8 million people visited stores during the quarter.

News source: MacCentral

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