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New and Noteworthy: Apple Reports stellar third quarter results; more

New and Noteworthy: Apple Reports stellar third quarter results; more

CNET staff
2 min read

Apple Reports stellar third quarter results Last evening Apple announced financial results for its fiscal 2004 third quarter ended June 26, 2004. For the quarter, the Company posted a net profit of $61 million, or $.16 per diluted share. These results compare to a net profit of $19 million, or $.05 per diluted share, in the year-ago quarter. According to the company's press release "Revenue for the quarter was $2.014 billion, up 30 percent from the year-ago quarter. Gross margin was 27.8 percent, up from 27.7 percent in the year-ago quarter. International sales accounted for 39 percent of the quarter's revenue. The quarter's results include an after-tax restructuring charge of $6 million. Excluding this charge, the Company's net profit for the quarter would have been $67 million, or $.17 per diluted share. Apple shipped 876 thousand Macintosh units and 860 thousand iPods during the quarter, representing a 14 percent increase in CPU units and a 183 percent increase in iPods over the year-ago quarter." More.

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