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Quarterly Profits Triple for Apple on Blockbuster iPod Sales

Authored by Mark Hefflinger on July 15, 2004 - 5:27am.
Cupertino, Calif. -- Buoyed by strong demand for its iPod digital music players, Apple on Wednesday reported a three-fold jump in quarterly net income. The company shipped 860,000 iPods during the quarter -- up 183% from the same period a year ago -- as well as 876,000 Macintosh computers, a 14% increase. Apple posted a net profit of $61 million for the quarter, up from $19 million, on revenue of $2.01 billion, up 30%. "It was an outstanding quarter-our highest third quarter revenue in eight years," said Steve Jobs, Apple's CEO.
http://biz.yahoo.com/prnews/040714/sfw103_1.html

tags: iPod | Apple | Quarterly | Blockbuster | Profits |



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