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Apple Announces $233 Million Profit and 2-for-1 Split

Apple Announces $233 Million Profit and 2-for-1 Split — Last week, Apple Computer announced a $233 million profit for its second fiscal quarter of the year. Although the results contain a $73 million gain from continued sales of ARM Holdings, plc., revenues for the quarter were up 27 percent from the same quarter last year, and gross margins were up to 28.2 percent. Apple moved over one million units, and international sales continued to account for just over half of Apple’s total revenue. In addition, Apple’s Board of Directors has approved a two-for-one split of Apple’s common stock, effective 21-Jun-00. Apple’s stock has been over $100 per share for most of the calendar year 2000; Apple’s last stock split was in 1987. [GD]

<http://www.apple.com/pr/library/2000/apr/ 19q2results.html>

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