Apple Computer announced a $19 million profit for its third fiscal quarter of 2003. The company shipped 771,000 Macs during the quarter; that’s 60,000 more computers than Apple sold in its previous fiscal quarter, and while iMac and iBook sales increased a bit both PowerBook and Power Macintosh sales dropped (the latter probably in expectation of the not-yet-shipping Power Mac G5 models). Although international sales accounted for only 39 percent of the quarter’s revenues and Apple’s margin dropped to a still-healthy 27.7 percent, the company still has over $4.5 billion in cash and short term investments, and expects its fourth quarter will bring an increase in both revenue and earnings.
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 31 years, we’ve published professional, member-supported tech journalism that makes you smarter.
Registration confirmation will be emailed to you.