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Apple Posts $44 Million Fourth Quarter Profit

Apple Posts $44 Million Fourth Quarter Profit -- Apple Computer reported a $44 million profit on $1.715 billion in revenue for its fourth fiscal quarter of 2003. Gross margins for the quarter were at 26.6 percent, and international customers accounted for only 38 percent of the revenue. Although approximately $15 million of the quarter's revenues were due to one-time events like stock repurchases and investment gains, Apple shipped 787,000 Macs during the quarter (only part of which included sales of Apple's new 15-inch PowerBooks and Power Mac G5 systems) as well as 336,000 iPods. Company representatives estimate revenues for the next quarter - which includes the much-anticipated holiday buying season - will increase to approximately $1.9 billion. [GD]

<http://www.apple.com/pr/library/2003/oct/ 15results.html>

 

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