The good news continues, with Apple reporting late last week that they posted record revenues and unit shipments for the fourth fiscal quarter. Apple's revenue for the quarter was $2.14 billion, a 21 percent increase from the same quarter last year. Of course, revenues don't mean much if expenses were equally high, and although not impressive, Apple turned back to profitable ways, with a net income of $2.7 million, somewhat less than the $97.6 million the company made the same quarter last year. Needless to say, earning $2.7 million is better than losing hundreds of millions, as had happened earlier this year (although the net income for the year was $86 million). Apple attributes the decline in net income to the fact that gross margins declined from 42.7 percent of sales to 25.7 percent of sales.
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If you're reading a PDF in Apple's Preview software, and you follow a bookmark or an internal link to move around within the PDF, you can quickly return to where you were by pressing the keyboard shortcut Command-[ (that's Command-Left Bracket). Or, you can choose Go > Back.
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Written by
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Other articles in the series Apple Financials
- Apple Posts Strong Q4 2006 Financials (23 Oct 06)
- Apple Reports $472 Million Q3 2006 Profit (24 Jul 06)
- Apple Posts $410 Million Q2 2006 Profit (01 May 06)
- Apple Posts $565 Million Q1 2006 Profit (23 Jan 06)
- Apple Quadruples Q4 Profit (17 Oct 05)
- Apple Revenue Balloons to $3.5 Billion in Third Quarter (18 Jul 05)
- Apple Posts Highest Ever First Quarter Profit (17 Jan 05)
- Apple Reports $106 Million Fourth Quarter Profit (18 Oct 04)
- Apple Posts $61 million Q3 Profit, Confirms G5 iMacs (19 Jul 04)
- Apple Posts $46 million Q2 Profit (26 Apr 04)
- Apple Posts $44 Million Fourth Quarter Profit (20 Oct 03)
- Apple Posts $19 Million Q3 Profit (21 Jul 03)
- Apple Posts $14 Million Q2 Profit (21 Apr 03)
- Apple Posts $8 Million Loss (20 Jan 03)
- Apple Posts $45 Million Q4 Loss (21 Oct 02)
- Apple Posts $32 Million Q3 Profit (22 Jul 02)
- Apple Posts $38 Million Profit (21 Jan 02)
- Apple Posts $66 Million Profit (22 Oct 01)
- Apple Posts $61 Million Q3 Profit (23 Jul 01)
- PowerBook G4 Titanium Propels Apple $43 Million Profit (23 Apr 01)
- Apple Announces Less of a Loss (22 Jan 01)
- Apple Posts $170 Million Profit (23 Oct 00)
- Apple Posts $200 Million Profit & Returns to Circuit City (24 Jul 00)
- Apple Announces $233 Million Profit and 2-for-1 Split (24 Apr 00)
- Apple Posts $183 Million Profit (24 Jan 00)
- Apple Posts $111 Million Profit (18 Oct 99)
- Apple Pulls In $203 Million (19 Jul 99)
- Apple Pockets $135 Million in Profit (19 Apr 99)
- Apple Records $152 Million Profit (18 Jan 99)
- iMac Propels Apple to $106 Million in Earnings (19 Oct 98)
- Apple Racks Up $101 Million Profit (20 Jul 98)
- Jobs Announces $45 Million Profit (12 Jan 98)
- Small Apple Loss Better Than Expected (22 Jul 96)
- Apple Posts Quarterly... Profit! (21 Oct 96)
- Apple Posts Lower-than-Expected Q3 Loss (21 Jul 97)
- Apple to Reorganize & Lay Off 1,300 People (22 Jan 96)
- Fourth Down, $100 Million To Go (06 Jan 97)
- Apple Posts $55 Million Quarterly Profit (20 Apr 98)
- Apple Store Books $500,000 in 12 Hours (17 Nov 97)
- Apple Posts $161 Million Fourth Quarter Loss (20 Oct 97)
- Apple to Lose $700 Million (01 Apr 96)
- Apple Posts $708 Million Loss (21 Apr 97)
Published in TidBITS 198.
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