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 March 29th

Sun,12:13 PM
MGG 546: Calendars, Flaky Connections and NAS Backups
Sat,10:30 AM
How to Create Light Trails Photographs with Your iPhone
Fri,7:50 PM
How to Update Any Icon on Your Mac
7:25 PM
Steve Wozniak: Apple Watch Edition Won’t Move the World Forward
3:45 PM
The REAL Reason Apple’s iPad is Faltering
2:50 PM
‘Bobine’ Flexible iPhone Charging Dock: $24.99
2:05 PM
UK Safari Users can Sue Google Over Unwanted Browser Cookies
12:56 PM
TMO Daily Observations 2015-03-27: Tim Cook is the Top Leader, Leshi TV says Apple is Hitler
10:56 AM
Leshi TV CEO Says Apple is Hitler
9:29 AM
Apple Watch Compatible Apps are Already Arriving
8:55 AM
Numbers: Using the Quick Calculations Bar
Thu,9:20 PM
7 Things We Learned when Fortune Named Tim Cook World’s Greatest Leader
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!