Oct 13

Record Profits For Apple

Apple Computer posted it’s fourth quarter earnings results today, and it was chock full of good news:

For the quarter, the Company posted a net profit of $106 million, or $.26 per diluted share. These results compare to a net profit of $44 million, or $.12 per diluted share, in the year-ago quarter. Revenue for the quarter was $2.35 billion, up 37 percent from the year-ago quarter. Gross margin was 27.0 percent, up from 26.6 percent in the year-ago quarter. International sales accounted for 37 percent of the quarter’s revenue.

That’s $2,350,000,000 in revenue. Wow!

They also report that 836,000 computers and 2,016,000 iPods were sold during the quarter, which is 6 percent more computers and 500 percent more iPods than last year’s fourth quarter.

“We are thrilled to report our highest fourth quarter revenue in nine years,” said Steve Jobs, Apple’s CEO. “We shipped over 2 million iPods, our Retail store revenue grew 95 percent year-over-year, and the new iMac G5 has received phenomenal reviews and is off to a great start.”

The Steve has got to be a happy guy today. He’s surely earned his $1 for the year. Maybe the board of directors will buy a new mansion for him to celebrate.

by Dave   October 13, 2004 5:21 PM   |

Comments

by Aaron Booker,   October 13, 2004 11:08 PM  

Just wanted to point out that it was 2.35 Billion dollars - currently you have it as millions, not billions... :-)

by Dave,   October 13, 2004 11:23 PM  

Thanks Aaron. Fixed it. I never wuz much fer cipherin.

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