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.
- Fri,7:45 PM
- Back from the Dead: Using Apple’s Abandoned Safari for Windows Today
- 7:00 PM
- Keychain 101: Getting Started with Apple’s Password Manager
- 5:15 PM
- An iPhone 6s That Can Record 4K Video Means a 4K Apple TV
- 4:53 PM
- Drive Genius 4: $49.99
- 4:33 PM
- Losing Ian Rogers Sucks for Apple and the Music Industry
- 3:10 PM
- Google Instructs Advertisers on How to Bypass Apple Security - But There’s More
- 2:40 PM
- How to Lock the Dock Size, Position, and Contents in OS X
- 1:33 PM
- Satisfy Your Growing Storage Needs with a 5TB External Drive for $130
- 1:24 PM
- TMO Daily Observations 2015-08-28: Apple’s in-store iPod, um, Shuffle
- 11:45 AM
- How To Use Your iPhone’s Barometer to Crowdsource Weather
- 11:30 AM
- Apple Watch is Gaining on Fitbit, but that Doesn’t Mean Fitbit is Screwed
- 10:07 AM
- The iPod Has Been Relegated to the Back of the Apple Store, But with Good Reason