Feeds

Apple posts $106 million profit

Doubles all round as Mac maker celebrates first year in profit since 1995

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Apple today posted a fourth-quarter profit of $106 million on revenues of $1.56 billion, ensuring the Mac maker not only saw its fourth consecutive quarter of profit but its first full year in the black since 1995. For the whole of fiscal 1998, the company achieved a profit of $309 million on revenues of $5.9 billion. However, that figure was down on the $7.1 billion the company posted last year, though it also made a loss of $1 billion. Apple interim CEO Steve Jobs -- 18 months on and the company still hasn't found a replacement for the temporary return of its founder -- claimed the $1.2 billion sortfall arose from falling prices and the hit it took from shutting down the Newton and imaging divisions. The company shipped 834,000 units in the last quarter (up from 635,000 in Q1), a figure derived from strong growth in all territories but the Pacific Rim. During the last three quarters, Apple managed to bring its inventory down 80.5 per cent, from $400 million to $78 million. CFO Fred Anderson was bullish about Apple's future, and predicted the company's growth during 1999 would be above the 12-15 per cent analysts have pegged for the PC industry as a whole. His estimates assume strong sales of the iMac continuing on through the Christmas period, which Apple hopes to boost with a $5 million advertising and promotional campaign. The company has also signed up US chain Best Buy to push the iMac in 300 stores. ® Click for more stories

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?