Apple today posted a net profit of US$14 million, or 4 cents per diluted share, for its fiscal 2003 second quarter ended March 29, 2003. These results compare to a net profit of $40 million, or $.11 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.475 billion, down 1 percent from the year-ago quarter, and gross margins were 28.3 percent, up from 27.4 percent in the year-ago quarter. International sales accounted for 47 percent of the quarter’s revenues, according to the company. Apple also said it shipped 711,000 Macintosh units during the quarter. Analysts polled by Thomson First Call were expecting a profit of 2 cents a share on revenue of $1.46 billion.
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