The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple Announces US$40 Million Profit, 813,000 Macs Shipped

Apple Stock Watch - Apple Announces US$40 Million Profit, 813,000 Macs Shipped

by , 5:15 PM EDT, April 17th, 2002

Apple Computer announced on Wednesday results for its 2nd fiscal quarter ended March 31, 2002.

For the three-month period:

Apple posts a net profit of US$40 million or US$.11 per diluted share, slightly ahead of analyst estimates of US$.10 per share.

Revenues for the quarter were US$1.5 billion, again, slightly above or inline with Wall Street expectations. Revenues were 4% above last year's results.

Gross margins increased to 27.4 percent versus 26.9 percent in the year-earlier period.

During the quarter Apple shipped 813,000 computers, including 220,000 flat screen iMacs. This represents an 8 percent increase in total unit shipments over last year's results.

Steve Jobs and Fred Anderson announced that Apple plans to open twenty additional retail stores by the end of the 2002 calendar year.

Looking forward, Apple expects revenues for the 3rd fiscal quarter to be rise incrementally and sequentially to US$1.6 billion and earning per share to either remain at US$.11 per share or rise slightly for the quarter.

The Mac Observer will be offering live coverage of the company's conference call barring any unexpected technical problems. We will also be bringing Apple's announcement to you as soon as it hits the wire. You can join in the discussion in the thread on the Q2 earnings report in the Apple Finance Boards. We will provide an in-depth review and analysis of Apple's 2nd fiscal quarter results tomorrow morning.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated October 31st

Fri,6:58 PM
Pee-Wee Herman Stars in Avengers Trailer
6:34 PM
Trent Reznor on Working for Apple: ‘It’s Everything I Asked For’
5:50 PM
Last Chance for The Complete iOS 8 Course With Swift for $89
4:42 PM
MacTech Conference 2014: Talk to Kelly and Dave!
4:30 PM
Apple Wins the Old-fashioned Way: Outsmart the Competition
3:00 PM
Judge Rules Cops can Force You to Touch ID Unlock your iPhone
2:02 PM
iOS 8: Adding Fitness App Data to the Health App
1:16 PM
TMO Daily Observations: 2014-10-31
11:25 AM
How To Clean Up and Rebuild Apple Mail Data [Yosemite Update]
9:39 AM
Judge to Unseal GT Advanced Bankruptcy Filing Documents
8:45 AM
Yosemite: Maximizing Windows & the Green “Stoplight” Button
Thu,7:17 PM
Meijer, the CurrenctC/MCX Member Who Refuses to Block Apple Pay
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!