Apple Posts $44 Million Fourth Quarter Profit

Apple Computer today 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%, 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.