[MD1] Some good Apple news - Profits
TweetFollow Us on Twitter

[MD1] Some good Apple news - Profits

Apple Computer Announces Quarterly Results

Company Posts $25 Million Profit; Revenues, Margins, and Cash Flow Reflect
Continued Improvement

CUPERTINO, California--Oct. 16, 1996--Apple Computer, Inc. today announced
results for its fourth fiscal quarter ended Sept. 27, 1996. For the
quarter, Apple's revenues were $2.321 billion, a decrease of $682 million
fromthe fourth quarter a year ago, but a sequential increase of $142
million from the quarter ended June 30, 1996. Unit shipments for the
quarter were approximately 932,000, a decline of 26 percent from the year
ago quarter but a sequential increase of 11 percent from the June 1996
quarter. International revenues represented 47 percent of the quarterly
total.

Net income for the quarter was $25 million, or $.20 per share, compared
with $60 million, or $.48 a share, in the same quarter a year ago. The
Company's operating income for the quarter was $34 million, a sequential
improvement of $150 million from its $116 million operating loss in the
June 1996 quarter. Included in the fourth quarter's operating results was
an adjustment of prior period restructuring charges which reduced pre-tax
operating expenses by $28 million. Without this adjustment, net earnings
would have been approximately $8 million, or $.06 per share.

The Company experienced continued sequential growth in gross margins and
reductions in operating expenses. Gross margins were 22 percent, compared
to 18.5 percent in the June quarter, while operating expenses before the
restructuring adjustment declined to $505 million from $519 million in the
June quarter.

"We continue to make progress in strengthening Apple's financial
condition, as our $410 million in positive cash flow from operations
during the quarter suggests," said Apple Executive Vice President and
Chief Financial Officer Fred D. Anderson. "We've reduced inventories by
nearly $400 million since June and completed the quarter with over $1.7
billion in cash and short-term investments. Gross margins increased due to
several factors, including declining component costs, improved
manufacturing efficiencies, and sales of previously reserved inventory. We
achieved further sequential reductions in operating expenses, primarily in
general and administrative functions."

"By increasing revenues sequentially and fortifying Apple's financial
position in each of the last two quarters, we have achieved two very
critical goals of Apple's transformation," said Apple Chairman and Chief
Executive Officer Dr. Gilbert F. Amelio. "We remain confident about
reaching sustainable profitability by the end of Q2'97. As we move
forward, our challenges will be to extend our competitive leadership in
key markets and to reclaim the mantle of industry pioneer and innovator.

"The question before us is not 'Will Apple survive?'," said Dr.
Amelio,"but rather, 'How will Apple establish leadership in the emerging
digital era of the Internet and multimedia?' We plan to do so with strong
management, a relentless dedication to quality, and a passionate
commitment to our role as industry innovator."

For the Company's fiscal year ended Sept. 27, 1996, revenues were $9.833
billion, an 11 percent decrease from the prior year. The net loss for the
year was $816 million, or a loss of $6.59 per share, compared with net
income of $424 million or $3.45 per share in fiscal 1995. The largest
contributors to the fiscal 1996 loss during the year were after-tax
inventory writedowns of $388 million in the second quarter, net
restructuring charges of $113 million during the year, and after-tax
warranty and related expenses that were approximately $126 million greater
than historical rates would suggest.

For the year, international revenues accounted for 52 percent of Apple's
net sales, compared to 48 percent in fiscal 1995.

Except for the historical information contained herein, the statements
regarding establishing competitive leadership, effecting innovation,
addressing quality issues, introducing new products, continuing focus on
certain industry growth areas, and the timing of execution of the
Company's business plans are forward-looking statements that involve risks
and uncertainties. Potential risks and uncertainties include, without
limitation, continued competitive pressures in the marketplace; the effect
competitive factors and the Company's reaction to them may have on
consumer and business buying decisions with respect to the Company's
products; the consequences competitive factors and buying decisions may
have on current inventory valuations; the ability of the Company to make
timely delivery of successful technological innovations to the
marketplace; the ability of the Company to successfully resolve its quality
issues; the effect of any future losses on the Company's needs for
liquidity; the effect of the announced business restructuring on the
future performance of the Company, especially the performance of the
Company's employees; and the need for any future restructuring, and the
effect that it might have on the performance of the Company. More
information on potential factors that could affect the Company's financial
results is included in the Company's Form 10-Q for the third fiscal
quarter and will also be included in the Company's Form 10-K for the 1996
fiscal year, to be filed with the SEC.

Apple Computer, Inc., a recognized pioneer and innovator in the
information industry, creates powerful solutions based on easy-to-use
personal computers, servers, peripherals, software, and personal digital
assistants. Headquartered in Cupertino, Calif., Apple (NASDAQ:AAPL)
develops, manufactures, licenses, and markets products, technologies, and
services for the business, education, consumer, scientific, engineering,
and government markets in over 140 countries.

Katie Cotton
(408) 974-7269
email: katiec@apple.com

Investor Relations Contact:
Nancy Paxton
(408) 974-5420
email: paxton1@apple.com

NOTE TO EDITORS: To access Apple press releases, background material, and
contact information on the web, visit The Source at: www.apple.com/source/.
If you are interested in receiving Apple press releases by fax, call
1-800-AAPL-FAX (1-800-227-5329) and enter your PIN number. If you do not
have a PIN number, contact Apple's Media Helpline at (408) 974-2042 to
request one. If you would like to receive Apple press releases by email,
please send an email message to listproc@guisel.austin.apple.com. Include
the text "subscribe pressrel [your full name]" in the body of the message.
To remove your address from the mailing list send an email message to
listproc@guisel.austin.apple.com. Include the text "remove pressrel" in the
body of the message.

============================================================================

Apple's Q4'96 Financial Results: The Six Key Points
CUPERTINO, California--Oct. 16, 1996--the following was released by Apple
Computer, Inc.:

1.Apple's Transformation Progresses.

Apple has achieved many of the most critical goals of its transformation,
and remains confident about reaching sustainable profitability by the end
of Q2'97. Sales have not only stabilized, but grew during this quarter;
and over the last two quarters, the operating expenses have been
significantly reduced. Going forward, the Company's challenges will be to
extend its competitive leadership in key markets and to reclaim the mantle
of industry pioneer and innovator.

2.Improved Inventories, Margins, and Costs Containment Produce Continued
Financial Improvement.

Apple continues to make progress in strengthening the Company's financial
position. The Company achieved $410 million in positive cash flow from
operations during the quarter, reduced inventories by nearly $400 million
since June, and ended the quarter with over $1.7 billion in cash and
short-term investments, which is $610 million more than our outstanding
debt. Gross margins increased due to several factors, including declining
component costs and improved manufacturing efficiencies. The Company
achieved further sequential reductions in operating expenses, primarily in
general and administrative functions.

3.Apple's Sales Grew During the Quarter.

After stabilizing sales in Q3, revenues increased from $2.179 billion in
the June quarter to $2.321 in the September quarter. Sales in the US K-12
education market were higher this quarter than in any other quarter in the
Company's history. Sales to business customers were also up notably from
last quarter.

4.Significant Endorsements from Enterprise Customers Continue.

Apple continues to gain new--and extend sales to existing--enterprise
customers. Customers who made major enterprise commitments to Apple
include: Los Alamos National Labs, Jet Propulsion Labs, Southwestern Bell
Telephone, Art Institutes International, State of Texas (CADA), Qualcomm,
and Don Rey Media. Additionally, key alliances such as the Sun-Apple
alliance are designed to help fortify Apple's proposition to enterprise
customers. Apple has agreed with Sun to work together to create
high-performance enterprise intranets and new Java-based component
development and multimedia technologies.

5.Apple Renewed Product Offering Imminent.

Parallel to its efforts to stabilize sales and control expenses, Apple is
taking proactive steps to renew its product offering, and to be able to
meet key market expectations, in a competitive way. Examples of this broad
effort include:

New products and solutions designed for enterprise customers;

* The total renewal of the PowerBook family, with the expected
introduction of a new PowerBook on Oct. 21, 1996, and a number of
additional new PowerBook models expected to appear throughout 1997;

* Apple's intention to aggressively pursue the home market with products
at a range of price points.

* Apple's plans to introduce a Performa system to meet the specific
demands of the home and education market.

* Apple's plans to offer specially designed software packages for
elementary, middle school, and high school students, in addition to a
games package.

6.Expectations for Q1'97: Comparable Sales to Q4'96.

Apple expects sales volumes in the first fiscal quarter to be relatively
comparable to Q4'96 volumes, in spite of anticipated lower PowerBook
sales, due to the start of a planned new product transition over the next
two quarters. The mix will shift towards consumer-oriented products, and
PowerBooks will be in a ramp-up mode. Beginning in the second quarter,
Apple expects to begin to experience some modest year-over-year growth.
Apple feels good about it's ability to sustain gross margins at or above
the 20 percent level, and expect to hold operating expenses to around $500
million a quarter.

For the full financial statements for Apple Computer, please point your web
browser of choice at
(http://product.info.apple.com/pr/press.releases/1997/q1/961016.pr.rel.q4...
s2.html#operations)

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Maya 2016 - Professional 3D modeling and...
Maya is an award-winning software and powerful, integrated 3D modeling, animation, visual effects, and rendering solution. Because Maya is based on an open architecture, all your work can be scripted... Read more
RapidWeaver 6.2.3 - Create template-base...
RapidWeaver is a next-generation Web design application to help you easily create professional-looking Web sites in minutes. No knowledge of complex code is required, RapidWeaver will take care of... Read more
MacFamilyTree 7.5.2 - Create and explore...
MacFamilyTree gives genealogy a facelift: it's modern, interactive, incredibly fast, and easy to use. We're convinced that generations of chroniclers would have loved to trade in their genealogy... Read more
Paragraphs 1.0.1 - Writing tool just for...
Paragraphs is an app just for writers. It was built for one thing and one thing only: writing. It gives you everything you need to create brilliant prose and does away with the rest. Everything in... Read more
BlueStacks App Player 0.9.21 - Run Andro...
BlueStacks App Player lets you run your Android apps fast and fullscreen on your Mac. Version 0.9.21: Note: Now requires OS X 10.8 or later running on a 64-bit Intel processor. Initial stable... Read more
Tweetbot 2.0.2 - Popular Twitter client....
Tweetbot is a full-featured OS X Twitter client with a lot of personality. Whether it's the meticulously-crafted interface, sounds and animation, or features like multiple timelines and column views... Read more
Apple iBooks Author 2.3 - Create and pub...
Apple iBooks Author helps you create and publish amazing Multi-Touch books for iPad. Now anyone can create stunning iBooks textbooks, cookbooks, history books, picture books, and more for iPad. All... Read more
NeoOffice 2014.12 - Mac-tailored, OpenOf...
NeoOffice is a complete office suite for OS X. With NeoOffice, users can view, edit, and save OpenOffice documents, PDF files, and most Microsoft Word, Excel, and PowerPoint documents. NeoOffice 3.x... Read more
Apple iTunes 12.2 - Play Apple Music...
Apple iTunes lets you organize and stream Apple Music, download and watch video and listen to Podcasts. It can automatically download new music, app, and book purchases across all your devices and... Read more
Apple Security Update 2015-005 - For OS...
Apple Security Update 2015-005 is recommended for all users and improves the security of OS X. For detailed information about the security content of this update, please visit: http://support.apple.... Read more

Rage of Bahamut is Giving Almost All of...
The App Store isn't what it used to be back in 2012, so it's not unexpected to see some games changing their structures with the times. Now we can add Rage of Bahamut to that list with the recent announcement that the game is severely cutting back... | Read more »
Adventures of Pip (Games)
Adventures of Pip 1.0 Device: iOS iPhone Category: Games Price: $4.99, Version: 1.0 (iTunes) Description: ** ONE WEEK ONLY — 66% OFF! *** “Adventures of Pip is a delightful little platformer full of charm, challenge and impeccable... | Read more »
Divide By Sheep - Tips, Tricks, and Stre...
Who would have thought splitting up sheep could be so involved? Anyone who’s played Divide by Sheep, that’s who! While we’re not about to give you complete solutions to everything (because that’s just cheating), we will happily give you some... | Read more »
NaturalMotion and Zynga Have Started Tea...
An official sequel to 2012's CSR Racing is officially on the way, with Zynga and NaturalMotion releasing a short teaser trailer to get everyone excited. Well, as excited as one can get from a trailer with no gameplay footage, anyway. [Read more] | Read more »
Grab a Friend and Pick up Overkill 3, Be...
Overkill 3 is a pretty enjoyable third-person shooter that was sort of begging for some online multiplayer. Fortunately the begging can stop, because its newest update has added an online co-op mode. [Read more] | Read more »
Scanner Pro's Newest Update Adds Au...
Scanner Pro is one of the most popular document scanning apps on iOS, thanks in no small part to its near-constant updates, I'm sure. Now we're up to update number six, and it adds some pretty handy new features. [Read more] | Read more »
Heroki (Games)
Heroki 1.0 Device: iOS Universal Category: Games Price: $7.99, Version: 1.0 (iTunes) Description: CLEAR THE SKIES FOR A NEW HERO!The peaceful sky village of Levantia is in danger! The dastardly Dr. N. Forchin and his accomplice,... | Read more »
Wars of the Roses (Games)
Wars of the Roses 1.0 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0 (iTunes) Description: | Read more »
TapMon Battle (Games)
TapMon Battle 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: It's time to battle!Tap! Tap! Tap! Try tap a egg to hatch a Tapmon!Do a battle with another tapmons using your hatched tapmons! *... | Read more »
Alchemic Dungeons (Games)
Alchemic Dungeons 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: ### Release Event! ### 2.99$->0.99$ for limited time! ### Roguelike Role Playing Game! ### Alchemic Dungeons is roguelike... | Read more »

Price Scanner via MacPrices.net

15-inch 2.5GHz Retina MacBook Pro on sale for...
Amazon.com has the 15″ 2.5GHz Retina MacBook Pro on sale for $2274 including free shipping. Their price is $225 off MSRP, and it’s the lowest price available for this model. Read more
Logo Pop Free Vector Logo Design App For OS X...
128bit Technologies has released of Logo Pop Free 1.2 for Mac OS X, a vector based, full-fledged, logo design app available exclusively on the Mac App Store for the agreeable price of absolutely free... Read more
21-inch 1.4GHz iMac on sale for $999, save $1...
B&H Photo has new 21″ 1.4GHz iMac on sale for $999 including free shipping plus NY sales tax only. Their price is $100 off MSRP. Best Buy has the 21″ 1.4GHz iMac on sale for $999.99 on their... Read more
16GB iPad mini 3 on sale for $339, save $60
B&H Photo has the 16GB iPad mini 3 WiFi on sale for $339 including free shipping plus NY tax only. Their price is $60 off MSRP. Read more
Save up to $40 on iPad Air 2, NY tax only, fr...
B&H Photo has iPad Air 2s on sale for up to $40 off MSRP including free shipping plus NY sales tax only: - 16GB iPad Air 2 WiFi: $489 $10 off - 64GB iPad Air 2 WiFi: $559 $40 off - 128GB iPad Air... Read more
Apple Releases OS X 10.10.4 With WIFi Fix, iO...
On Tuesday, Apple released final versions of OS X 10.10.4 and iOS 8.4, as well as updates for the Safari browser for OS X Yosemite, Mavericks, and Mountain Lion. The OS X 10.10.4 update focuses on... Read more
Dual-Band High-Gain Antennas for Home Wi-Fi N...
Linksys has announced what it claims are the first dual-band, omni-directional high-gain antennas for the consumer market. The new Linksys high-gain antennas available in a 2- and 4-pack (WRT004ANT... Read more
Apple refurbished 2014 15-inch Retina MacBook...
The Apple Store has Apple Certified Refurbished 2014 15″ 2.2GHz Retina MacBook Pros available for $1609, $390 off original MSRP. Apple’s one-year warranty is included, and shipping is free. They have... Read more
Clearance 2014 MacBook Airs available for up...
Adorama has 2014 MacBook Airs on sale for up to $301 off original MSRP including NY + NJ sales tax and free shipping: - 11″ 256GB MacBook Air: $798 $301 off original MSRP - 13″ 128GB MacBook Air: $... Read more
5K iMacs on sale for $100 off MSRP, free ship...
B&H Photo has the new 27″ 3.3GHz 5K iMac on sale for $1899.99 including free shipping plus NY tax only. Their price is $100 off MSRP. They have the 27″ 3.5GHz 5K iMac on sale for $2199, also $100... Read more

Jobs Board

*Apple* Solutions Consultant - Retail Sales...
**Job Summary** As an Apple Solutions Consultant (ASC) you are the link between our customers and our products. Your role is to drive the Apple business in a retail Read more
*Apple* Fulfillment Operations Execution Ana...
**Job Summary** The AMR Apple Fulfillment Operations Team is seeking a talented team player to drive the Apple Online Store (AOS) fulfillment performance to ensure a Read more
Localization Producer - *Apple* HR and Reta...
…project manager to support the Retail Globalization team. You will participate in Apple exponential inte ational growth and drive global project initiatives for the Read more
*Apple* Online Store UAT Lead - Apple (Unite...
**Job Summary** The Apple Online Store is a fast paced and ever evolving business environment. A UAT lead in this organization is able to have a direct impact on one of Read more
Senior Payments Security Manager - *Apple*...
**Job Summary** Apple , Inc. is looking for a highly motivated, innovative and hands-on senior payments security manager to join the Apple Pay security team. You will Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.