[NPL] Apple Reports $101 Million Profit
TweetFollow Us on Twitter

[NPL] Apple Reports $101 Million Profit

Apple Reports Third Quarter Profit of $101 Million

CUPERTINO, California--July 15, 1998--Apple Computer, Inc. today announced
a profit of $101 million, or $.65 per diluted share, for the Company's
fiscal 1998 third quarter ended June 26, 1998. These results compare to a
profit of $55 million, or $.38 per diluted share, achieved in the March
1998 quarter. Revenues for the quarter were $1.4 billion, equal to revenues
of the prior quarter, and gross margins were 25.7 percent, up from 24.8
percent in the prior quarter. International sales accounted for 43 percent
of the quarter's revenues.

The current quarter's results included a $26 million net favorable impact
from non-recurring items, including an after-tax gain of $33 million
related to the initial public offering of ARM Holdings plc., in which the
Company is a shareholder, and a $7 million charge for purchased in-process
research and development related to the acquisition of technology from
Macromedia, Inc. Without these non-recurring items, the Company's net
income for the quarter would have been $75 million, or $.50 per diluted
share.

"Apple had a terrific quarter--we sold a record number of Power Macintosh
G3 computers, customers love our new PowerBooks, Apple earned its highest
profits in years, and we ended the quarter with the lowest inventory level
among the major PC players," said Apple's interim CEO Steve Jobs. "Looking
forward, Apple's improved operational efficiency has paved the way for us
to aggressively reenter the consumer market with iMac on August 15."

"Apple's three consecutive quarters of profitability and improved asset
management have made Apple much stronger financially," said Apple's CFO
Fred Anderson. "We have nearly $2 billion in cash and short-term
investments, and we believe we have the infrastructure in place to support
our upcoming reentry into the consumer market."

Except for the historical information contained herein, the statements in
this press release are forward-looking statements that involve risks and
uncertainties. Potential risks and uncertainties include, without
limitation, continued competitive pressures in the marketplace; the effect
competitive factors and the Company's reaction to them may have on consumer
and business buying decisions with respect to the Company's products; the
ability of the Company to make timely delivery of new products and
successful technological innovations to the marketplace; and the ability of
the company to successfully evolve its operating system. More information
on potential factors that could affect the Company's financial results is
included in the Company's public reports filed with the SEC, including the
Company's Form 10-K for the 1997 fiscal year, the Company's Form 10-Q for
the first and second fiscal quarters, and the Company's Form 10-Q for the
third fiscal quarter, to be filed with the SEC.

Apple Computer, Inc. ignited the personal computer revolution in the 1970s
with the Apple II, and reinvented the personal computer in the 1980s with
the Macintosh. Apple is now recommitted to its original mission - to bring
the best personal computing products and support to students, educators,
designers, scientists, engineers, businesspersons and consumers in over 140
countries around the world.

Press Contact:
Tami Begasse
Apple Computer, Inc.
(408) 974-3156
email: begasse@apple.com

Investor Relations Contact:
Nancy Paxton
Apple Computer, Inc.
(408) 974-5420
email: paxton1@apple.com

 
AAPL
$101.63
Apple Inc.
-0.03
MSFT
$46.24
Microsoft Corpora
-0.46
GOOG
$573.10
Google Inc.
-2.52

MacTech Search:
Community Search:

Software Updates via MacUpdate

OS X Yosemite 10.10 DP8 - Developer Prev...
Note: This is a Developer Preview. You must be a registered Apple Mac Developer to download this update. You can also sign up for the free OS X Beta Program to download and preview public beta... Read more
FotoMagico 4.5 - Powerful slideshow crea...
FotoMagico lets you create professional slideshows from your photos and music with just a few, simple mouse clicks. It sports a very clean and intuitive yet powerful user interface. High image... Read more
Screenshot Path 1.2.1 - Change the defau...
Screenshot Path lets you change the folder where OS X saves screenshots. Screenshots are saved by default to the user’s desktop. This is handy for the occasional screenshot but those looking to take... Read more
Fantastical 1.3.16 - Create calendar eve...
Fantastical is the Mac calendar you'll actually enjoy using. Creating an event with Fantastical is quick, easy, and fun: Open Fantastical with a single click or keystroke Type in your event details... Read more
GIMP 2.8.14 - Powerful, free image editi...
GIMP is a multi-platform photo manipulation tool. GIMP is an acronym for GNU Image Manipulation Program. The GIMP is suitable for a variety of image manipulation tasks, including photo retouching,... Read more
HoudahSpot 3.9.3 - Advanced front-end fo...
HoudahSpot is an advanced file search tool built upon MacOS X Spotlight. Spotlight unleashed Create detailed queries to locate the exact file you need Narrow down searches. Zero in on files Save... Read more
djay 4.2.3 - Transform your Mac into a f...
djay transforms your Mac into a full-fledged DJ system, allowing you to mix your iTunes music library on a hyper-realistic turntable interface. Perform live, record mixes on-the-go, or enable... Read more
iDefrag 2.2.8 - Disk defragmentation and...
iDefrag helps defragment and optimize your disk for improved performance. Features include: Supports HFS and HFS+ (Mac OS Extended). Supports case sensitive and journaled filesystems. Supports... Read more
Bookends 12.2.3 - Reference management a...
Bookends is a full-featured bibliography/reference and information-management system for students and professionals. Access the power of Bookends directly from Mellel, Nisus Writer Pro, or MS Word (... Read more
Copy 1.47.0410 - Cloud storage and file...
Note: You must first sign up to use Copy (get a 5GB sign-up bonus through our 'Download' link above). Copy lets you sync, protect, and share. Everywhere. Want to bring some files home? No problem!... Read more

Latest Forum Discussions

See All

The Sleeping Prince Review
The Sleeping Prince Review By Jennifer Allen on September 15th, 2014 Our Rating: :: RESTRICTIVE KINGDOM SAVINGUniversal App - Designed for iPhone and iPad The Sleeping Prince looks and feels great to play, but its lack of peril and... | Read more »
It Came From Canada: Terra Battle
In some way or another, most Japanese RPGs owe something to Final Fantasy. But with Terra Battle, the now-common mix of Western medieval fantasy with Eastern anime aesthetic feels earned. After all, its developer, Mistwalker, was founded by the... | Read more »
Five Nights at Freddy’s Review
Five Nights at Freddy’s Review By Rob Thomas on September 15th, 2014 Our Rating: :: FIVE FRIGHTS AT FREDDY'SUniversal App - Designed for iPhone and iPad Can you survive five nights as the new night watchman of Freddy Fazbear’s... | Read more »
Phantom Rift Review
Phantom Rift Review By Nadia Oxford on September 15th, 2014 Our Rating: :: FRIENDLY PHANTOMUniversal App - Designed for iPhone and iPad Despite a snag here and there, Phantom Rift is a well-crafted and imaginative adventure RPG.   | Read more »
Phantom Rift – Tips, Tricks, Strategies,...
Hello, Wanderers: | Read more »
Meet the Newest Character for Temple Run...
Meet the Newest Character for Temple Run 2, from National Geographic Kids’ Action-Adventure Book Posted by Jessica Fisher on September 15th, 2014 [ | Read more »
Battle Riders Review
Battle Riders Review By Jordan Minor on September 15th, 2014 Our Rating: :: UNTWISTED METALUniversal App - Designed for iPhone and iPad BattleRiders has cool car combat, but it could be crazier.   | Read more »
Rapture - World Conquest (Games)
Rapture - World Conquest 1.0.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.0 (iTunes) Description: The End is coming! Bombard the globe with devastating miracles and decimate the enemy civilizations. Guide your... | Read more »
Toonia Jelly: Music Review
Toonia Jelly: Music Review By Amy Solomon on September 15th, 2014 Our Rating: :: CUTE MUSICAL EXPLORATIONUniversal App - Designed for iPhone and iPad Toonia Jelly: Music is a charming exploratory app for young children with a... | Read more »
CounterSpy Review
CounterSpy Review By Lee Hamlet on September 15th, 2014 Our Rating: :: AN EXCELLENT PORTUniversal App - Designed for iPhone and iPad Shaken or stirred, CounterSpy is simply the best stealth action game to sneak its way onto the App... | Read more »

Price Scanner via MacPrices.net

10% off iPhone 6 and 6 Plus Otterbox cases
Get 10% off on popular Otterbox iPhone 6 and iPhone 6 Plus cases at MacMall through September 19th. Use code OTTERBOX10 to see the discount. Read more
15-inch MacBook Pros on sale for up to $125 o...
Amazon has the new 2014 15″ Retina MacBook Pros on sale for up to $125 off MSRP including free shipping: - 15″ 2.2GHz Retina MacBook Pro: $1899.99 save $100 - 15″ 2.5GHz Retina MacBook Pro: $2374... Read more
27-inch 3.2GHz iMac on sale for $1698, $101 o...
Abt has the 27″ 3.2GHz iMac on sale for $1698 including free shipping. Their price is $101 off MSRP. Read more
More To Making A Larger iPad Than Expanded Sc...
CNET’s Ross Rubin has posted a thoughtful analysis of prospects for a larger display iPad Pro, noting that Microsoft and Samsung currently have the large-display touchscreen tablet category to... Read more
SwiftKey Keyboard Finally Coming To iPhone An...
At the TechCrunch Disrupt event in San Francisco, Swiftkey unveiled the first details about SwiftKey Keyboard for iPhone, iPad & iPod touch. SwiftKey’s philosophy is that you should be able to... Read more
Save $75 on the 16GB iPad mini with Retina Di...
Best Buy has the 16GB iPad mini with Retina Display on sale for $324.99 on their online store for a limited time. Their price is $75 off MSRP, and it’s the lowest price available for this mini.... Read more
21-inch 1.4GHz iMac on sale for $979, $120 of...
B&H Photo has the new 21″ 1.4GHz iMac on sale for $979.99 including free shipping plus NY sales tax only. Their price is $120 off MSRP. B&H will also include free copies of Parallels Desktop... Read more
Apple restocks refurbished 21-inch 1.4GHz iMa...
The Apple Store has restocked Apple Certified Refurbished 21″ 1.4GHz iMacs for $929 including free shipping plus Apple’s standard one-year warranty. Their price is $170 off the cost of new models,... Read more
13-inch 2.6GHz/256GB Retina MacBook Pro on sa...
Adorama has the 13″ 2.6GHz/256GB Retina MacBook Pro on sale for $1379 including free shipping plus NY & NJ sales tax only. Their price is $120 off MSRP, and it’s the lowest price available for... Read more
Macally iPhone 6 Cases
Macally has introduced a Line of Snap-On Shell Cases, Frame Bumper Cases and a Rugged Protective Case for iPhone 6 with 4.7inch Screen, such as the SNAP case in a variety of brilliant metallic... Read more

Jobs Board

*Apple* Retail - Multiple Positions (US) - A...
Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, you're also the Read more
*Apple* Retail - Multiple Positions (US) - A...
Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, you're also the Read more
*Apple* Retail - Multiple Positions (US) - A...
Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, you're also the Read more
*Apple* Retail - Multiple Positions (US) - A...
Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, you're also the Read more
*Apple* Retail - Multiple Positions (US) - A...
Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, you're also the Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.