Skip to content
Thoughtful, detailed coverage of everything Apple for 32 years
and the TidBITS Content Network for Apple professionals

Apple Posts $40 Million Q2 Profit

No doubt about it: iMacs rake in the dough. Apple announced a $40 million profit for its second fiscal quarter of 2002, coming in slightly higher than analysts’s expectations following component shortages which impeded the roll-out of the new flat-screen iMac. Apple had $1.5 billion in revenue on gross margins of 27 percent; international sales accounted for 45 percent of the company’s revenue.

Apple shipped 220,000 iMacs during its second quarter, contributing to a total of 813,000 Macs shipped, up 8 percent from the same quarter a year ago. Apple didn’t call out sales of portable systems or the iPod, but did note it has $4.3 billion in cash on hand and plans to open an additional 20 Apple retail stores by the end of the calendar year.

Subscribe today so you don’t miss any TidBITS articles!

Every week you’ll get tech tips, in-depth reviews, and insightful news analysis for discerning Apple users. For over 32 years, we’ve published professional, member-supported tech journalism that makes you smarter.

Registration confirmation will be emailed to you.