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Shiny Apple

Computer-maker posts strong 4Q profits

Published

21 years ago

October 16, 2003

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Apple Computer (Cupertino, Calif.) announced a complete reversal in fortunes from a year ago for its fourth fiscal quarter 2003.

For this year's quarter, ended September 27, 2003, the company posted a net profit of $44 million. A year ago, the company suffered a net loss in the quarter of $45 million.

Revenues were up 19 percent from a year ago. International sales accounted for 38 percent of the quarter's revenues.

Apple shipped 787,000 Macintosh units during the quarter, up 7 percent from the year-ago quarter, as well as 336,000 iPod units, up 140 percent from a year ago.

“It was a great new product quarter for Apple,” said ceo Steve Jobs. “We launched the Power Mac G5, the fastest personal computer in the world, new PowerBooks and new iPods. Plus, we're delivering Panther, the next major release of Mac OS X, later this month and we'll have some exciting news regarding our music efforts tomorrow.”

For the year, the company reported a net income increase of 6 percent and a revenues hike of 8 percent.

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