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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Wednesday, July 14, 2004

Apple's 3rd-Quarter Profit Beats Estimates

Associated Press: "Apple Computer Inc. posted stronger-than-expected third-quarter profit and revenues Wednesday on heavy sales of its computers and portable music players. For the three months ended June 26, Apple said it earned $61 million, or 16 cents per share, compared with $19 million, or 5 cents per share, in the same period last year. Revenues increased 30 percent to $2.01 billion ... Apple shipped 876,000 Macintosh computers in the quarter, up 14 percent from the year-ago period. The segment accounted for 58 percent of the quarter's revenue growth, Apple's chief financial officer Peter Oppenheimer said in an interview. He said most of the Mac growth was driven by higher laptop computer sales, as 'the world is going more mobile.' Also, Apple shipped 860,000 iPod portable players, bringing the product's lifetime total to 3.7 million units, Oppenheimer said."

Good stuff, marred only by some BS about the iPod Mini, whose sales Apple execs referred to as "staggering" and "unprecedented" without, of course, offering any specifics. Ah well.

[ Posted at 11:01 PM | Permalink ]