Thoughtful, detailed coverage of the Mac, iPhone, and iPad, plus the best-selling Take Control ebooks.

 

 

Pick an apple! 
 

 

Other articles in the series Apple Financials

 

 

Apple Records $152 Million Profit

Send Article to a Friend

Apple Records $152 Million Profit -- Apple announced a net profit of $152 million on $1.7 billion in revenue for its first fiscal quarter of 1999, marking Apple's fifth consecutive profitable quarter. Although the results include a one-time $29 million gain from selling holdings in ARM Ltd., Apple also sold 519,000 iMacs during the quarter, contributing to a 49 percent increase in unit shipments compared to the same quarter a year ago. Apple also wrapped up the quarter with a scant two days of inventory worth about $25 million, indicating the company continues to hone its newfound manufacturing and distribution efficiency. [GD]

<http://www.apple.com/pr/library/1999/jan/ 13earnings.html>
<http://www.arm.com/>

 

READERS LIKE YOU! Support TidBITS by becoming a member today!
Check out the perks at <http://tidbits.com/member_benefits.html>
Special thanks to David Hartzell, Tom Ransom, Bill Veldhoen, and
Jeffrey Clement for their generous support!