Apple posts record revenue of US$3.68 billion
Apple today announced financial results for its fiscal 2005 fourth quarter ended June 25, 2005, reporting the highest revenue and earnings in the company’s history. The company posted revenue of $3.68 billion and a net quarterly profit of $430 million, or $.50 per diluted share. These results compare to revenue of $2.35 billion and a net profit of $106 million, or $.13 per diluted share, in the year-ago quarter. Gross margin was 28.1 percent, up from 27.0 percent in the year-ago quarter.
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