Apple Posts Best 4th Quarter Results in Nine Years
Oct 14, 2004
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Apple posted its best fourth quarter results in nine years with net profits of U.S. $106 million for the period ended Sept. 25, compared to $44 million for the same period a year ago. Revenue for the quarter was $2.35 billion, up 37 percent from the year-ago quarter.

The Cuppertino, CA, U.S.-computer maker shipped 836,000 Macintosh units and 2,016,000 iPods during the quarter, representing a 6-percent increase in CPU units and a 500-percent increase in iPods over the same period last year. iPod sales are said to have boosted the company's fourth-quarter showing.

“We are thrilled to report our highest fourth quarter revenue in nine years,” said Steve Jobs, Apple’s CEO. “We shipped over 2 million iPods, our retail store revenue grew 95 percent year-over-year, and the new iMac G5 has received phenomenal reviews and is off to a great start.”

For the year, the company reported net income of $276 million on revenue of $8.26 billion compared to net income of $69 million on revenue of $6.21 billion in 2003.

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