Wednesday, July 14, 2004
On Wednesday (today) Apple Computer Inc. posted quarterly net income that had more than tripled. Most of this is fueled by surging sales of its market-leading iPod digital music players; a hot new item in technology at the moment.
Shares rose 3 percent in after-hours trade on the news. When its third quarter ended June 26, Cupertino, California-based Apple said it had net income of $61 million, or 16 cents a share, up from $19 million, or 5 cents a share, in the year-ago period. Revenue rose 30 percent to $2.01 billion, from the recent $1.55 billion.
Apple sold 860,000 iPods in the quarter, which accounts for $249 million in revenue, up from teh 304,000 iPods sold in the last year-ago quarter. The company also sold 876,000 Macintosh computers, an increase from 771,000 a year ago.
So, for all you Apple enemies, we are doing fine:)
Shares rose 3 percent in after-hours trade on the news. When its third quarter ended June 26, Cupertino, California-based Apple said it had net income of $61 million, or 16 cents a share, up from $19 million, or 5 cents a share, in the year-ago period. Revenue rose 30 percent to $2.01 billion, from the recent $1.55 billion.
Apple sold 860,000 iPods in the quarter, which accounts for $249 million in revenue, up from teh 304,000 iPods sold in the last year-ago quarter. The company also sold 876,000 Macintosh computers, an increase from 771,000 a year ago.
So, for all you Apple enemies, we are doing fine:)