Year: 2001

Live update: Apple’s fourth-quarter conference call

Apple’s fourth quarter conference call took place this afternoon. Highlights from the call follow:

  • Apple is still on track to open 25 retail stores this quarter; economic conditions are not affecting the company’s plans to open more retail stores this year. [17:18 ET]
  • Japan region was the weakest for Apple geographically during the quarter, due to the country’s weak economy. After September 11, there was a slow-down globally, but particularly in the US.

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Apple reports US$66 million fourth quarter profit

Apple has reported earnings for its fiscal fourth quarter of $66 million ($65 million after one-time gains), or 19 cents per share, edging analyst estimates of 16 cents per share. Revenue for the quarter came in at $1.45 billion, which compares with an estimate of $1.5 billion. During the quarter, Apple shipped 850,000 Macs, and the company announced that iBook education sales tripled during the quarter.

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