Abstracts » Business, general

Apple's net more than quadrupled in its 1st quarter, dwarfing forecasts

Article Abstract:

Apple reports that its net income increased to $188 million in the 1st qtr ending Dec 30, 1994 compared with $34 million during the same quarter in 1993. Revenue grew 15 percent to $2.83 billion from $2.47 billion, while unit shipments increased 12 percent. The company was able increase its gross margins to 29 percent from 24 percent and reduced its operating expenses to 19 percent of net sales from 21 percent. Industry analysts report that its gross margins are increasing to higher percentages than its competitors, but report the company lost market share in 1994. The company's global market share decreased to 8.5 percent from 9.6 percent in 1993. Analysts expect the company to recoup market share since the transition to its PowerPC architecture is almost complete and it plans to license its Macintosh operating system to clone manufacturers.

Microcomputers, Market share, Revenue, Profit Margin, Financial Report

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Apple beats forecasts for fiscal fourth quarter

Article Abstract:

Apple reported net income of $111 mil on revenue of $1.34 bil, compared to 1998 Q4 income of $106 mil, on sales of $1.56 bil. Apple continues to see success with its sales of the iMac model. But because of microprocessor supply problems with Motorola, the company has postponed the roll out of its 500MHz G4 models, a high margin product. Apple has arranged for IBM to produce the chips, but it will be mid-2000 when production ships.

United States, Electronic Computer Manufacturing, Sales, profits & dividends, Computers & Auxiliary Equip, Company sales and earnings, Company earnings/profit

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