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]
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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)
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- Apple Posts $44 Million Fourth Quarter Profit (20 Oct 03)
- Apple Posts $19 Million Q3 Profit (21 Jul 03)
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- Apple Posts $8 Million Loss (20 Jan 03)
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- Apple Posts $38 Million Profit (21 Jan 02)
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- Apple Announces $233 Million Profit and 2-for-1 Split (24 Apr 00)
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- Apple Records $152 Million Profit (18 Jan 99)
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- Apple Posts $55 Million Quarterly Profit (20 Apr 98)
- Apple Store Books $500,000 in 12 Hours (17 Nov 97)
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Apple Racks Up $101 Million Profit
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