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Apple's fourth-quarter revenue soars

Fourth-quarter shipments of Apple Computer's Power Mac and PowerBook units have increased sharply over last year's fourth quarter.

Revenue for the period ending 27 September was $1.72bn (£1bn), up 19% from last year's fourth quarter.

The company posted a net profit of $44m (£26m), compared with a net loss of $45m for the same quarter last year.

For the full year, Apple took in revenue of $6.21bn (£3.7bn), up from revenue of $5.74bn in 2002. Net income for 2003 was $69m (£41m), up from net income of $65m last year.

Apple shipped 787,000 Macintosh units, up 7% from shipments of 734,000 units in the fourth quarter of last year. This figure includes shipments of the iMac, iBook, Power Mac and PowerBook computers.

PowerBook shipments jumped from 58,000 units in the fourth quarter last year to 176,000 units in this year's fourth quarter. Apple has released versions of its PowerBooks with several different display sizes since last year's fourth quarter.

Power Mac sales also saw strong increases, with shipments up 26% from last year's fourth quarter to 221,000 units in this year's fourth quarter.

The launch of Apple's G5 Power Mac has prompted the beginnings of an upgrade cycle among Apple's professional customers, said Fred Anderson, Apple's chief financial officer.

The iPod MP3 player is also gaining in popularity. Apple shipped 336,000 units in the fourth quarter, more than double the 140,000 units shipped in the same period last year.

Apple expected to post revenue of $1.9bn for the first financial quarter of 2004.

Tom Krazit writes for IDG News Service


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