Year: 2002

AOL raises rates for some subscribers

AOL plans to charge existing users under the “Bring Your Own Access Plan” US$14.95 per month, an increase from the previous rate of $9.95 per month, beginning in March. c|net reports that the rate increase was implemented for new users in October 2001, but existing users were allowed to continue paying the lower rate. The plan, which allows users with an outside ISP to access the AOL service, is used by approximately 1 million of AOL’s 33 million subscribers.

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Apple CFO: New iMac demand exceeds expectations

In a telephone interview today, Apple CFO Fred Anderson told Reuters that demand for Apple’s new iMac has exceeded even the company’s highest expectations. “Orders in the first week were higher than any other product since the original iMac in terms of first week’s orders after the date of announcement,” Anderson said.

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Apple posts US$38 million first-quarter profit

Apple has reported a first-quarter profit of US$38 million, or 11 cents per share, in line with analyst expectations. Revenues for the quarter came in at US$1.38 billion, up 37 percent from the year-ago quarter. The quarter’s results included a $24 million restructuring charge, which was offset largely by a $23 million realized gain from equity investments. During the quarter, Apple shipped 746,000 Macintosh systems, as well as 125,000 iPods, as gross margins came in at 30.7 percent.

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