Apple Computer posts $132 million net for its 3rd period on 14% sales gain

Article Abstract:

Apple Computer Inc reports that its income for the 3rd qtr of 1992 is $132 million, or $1.07 a share. Apple reported a $53 million loss in the same period last year, which included a $138.9 million after-tax restructuring charge. Without the charge, earnings would have been about $86 million. Apple's sales are up 14 percent, to $1.74 billion, from $1.53 billion. Price wars continue to reduce profit margins in the computer industry: as a consequence, Apple will be especially vigilant in managing its operating expenses. Apple's stock closes up 75 cents, at $48.75.

Prepackaged software, Profits, Outlook, Third Quarter, Profit, Stock, Financial Report

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Apple reports tripling in profit; sales jump is first in three years

Article Abstract:

While Cupertino, Calif.-based Apple Computer has only 5% of the world's PC shipments, the company will continue to target education, design and publishing and consumers, not corporate sales. Unit shipments for the year were up 49%, 944,000 units, from the previous year. The iMac's success is giving analysts confidence that a comeback might stick.

Comment:

Sales and profits are gleefully up for the Cupertino-based firm under co-founder Steve Jobs

United States, Electronic Computer Manufacturing, Sales, profits & dividends, Computers & Auxiliary Equip, Microcomputers, Abstract

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