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 TMO Headlines - Updated August 30th

Tue, 12:37 PM
EU Says Apple Owes €13B in Back Taxes, and the Fight is On
Mon, 9:03 PM
Apple Music's Carpool Karaoke Will Feature Broader Range of Celebrities
Mon, 7:54 PM
MOS Pack Backpack Charges Multiple Devices with One Plug
Mon, 5:45 PM
Blood in the Macintosh Water: Apple's Competitors Now Sense Weakness
Mon, 5:29 PM
FresheTech Splash Tunes Bluetooth Shower Speaker: $19.99
Mon, 5:15 PM
Apple Might Destroy the EU
Mon, 3:49 PM
Fitbit Aims at Apple Watch Crowd with Charge 2, Flex 2 Fitness Trackers
Mon, 3:47 PM
TMO Background Mode: Interview with Omni Group Software Engineer Liz Marley
Mon, 1:31 PM
Apple Media Event Officially Set for Sept 7
Mon, 1:07 PM
TMO Daily Observations 2016-08-29: Apple Watch 2 Battery, Microsoft's Smart Surface Pro 4 Ad
Mon, 11:35 AM
Bigger Apple Watch 2 Battery Doesn't Mean Longer Life
Mon, 10:20 AM
Philips Adds Motion Sensor to its Smart Home Lineup
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!