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Apple Posts $55 Million Quarterly Profit

Apple Posts $55 Million Quarterly Profit — Apple significantly surpassed analysts’ expectations last week by posting a $55 million profit on revenues of $1.4 billion for its second fiscal quarter of 1998. This marks Apple’s second consecutive profitable quarter, having earned $45 million in the first quarter of this fiscal year. In contrast, Apple lost $708 million dollars in this quarter last year, due in part to the acquisition of NeXT Software. According to Apple, just over half of the 650,000 Macs sold were G3 systems, and international sales accounted for 50 percent of total revenues in the quarter. [GD]

<http://www.apple.com/pr/library/1998/apr/ 15q2.html>

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