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Apple posts $63 million profit; revenue up 36%

Apple on Wednesday posted a net profit of US$63 million, or 17 cents a share, for its fiscal 2004 first quarter ended December 27, 2003. These results compare to a net loss of $8 million, or 2 per share, in the year-ago quarter. Revenue for the quarter reached a four-year high of $2.006 billion, up 36 percent from the year-ago quarter. Gross margin was 26.7 percent, down from 27.6 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter’s revenue. Apple said it shipped 829 thousand Macs during the quarter, up 12 percent from the year-ago quarter, as well as 733 thousand iPods, up 235 percent from the year-ago quarter.

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