Apple Racks Up $101 Million Profit -- Apple Computer last week announced a profit of $101 million for the third fiscal quarter of 1998, although bolstered by $26 million in one-time investment gains. $101 million works out to $.65 per share, almost double analysts' estimates of $.33 per share. Revenues for the quarter equaled last quarter at $1.4 billion, gross margins were 25.7 percent (the highest in three years, thanks to the Power Macintosh G3s and PowerBook G3s), and Apple CFO Fred Anderson said that company has almost $2 billion in cash on hand. Anderson also noted that the introduction of the low-margin iMac in the next fiscal quarter will drive down gross margins but should increase revenues. [ACE]
Thoughtful, detailed coverage of the Mac, iPhone, and iPad, plus the best-selling Take Control ebooks.
Multi-Monitor iChat in Snow Leopard
In Snow Leopard, on a multiple-monitor system where you're using screen sharing over iChat, dragging the tiny inset preview of your own screen to another monitor shifts the remote screen to that monitor.
Submitted by
Doug McLean
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)
- Jobs Announces $45 Million Profit (12 Jan 98)
- The good news (18 Oct 93)
- 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 439.
Subscribe to our weekly email edition.
- OLE Security Patch for Mac Office 98
- Free RAM Doubler 8 Update
- Maxum Moves to Plug NetCloak Security Hole
- Griffin iMates USB and ADB
- Keep It Up More Often
- AutoShare 2.4 Released
- Tenon Revs Up WebTen 2.1
- Disk Copy 6.3 Adds and Improves Features
- Newer Present at Macworld
- TidBITS Sues Spammer
- Closing the Book on Visual Page
- The Battle of the Bouncers, Part 1
Apple Racks Up $101 Million Profit
Make friends and influence people by sponsoring TidBITS!Put your company and products in front of tens of thousands of
savvy, committed Apple users who actually buy stuff.
More information: <http://tidbits.com/advertising.html>