[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.