Apple today announced financial results for its fiscal 2004 second quarter ended March 27, 2004. For the quarter, the Company posted a net profit of $46 million, or $.12 per diluted share. These results compare to a net profit of $14 million, or $.04 per diluted share, in the year-ago quarter. Revenue for the quarter was $1.909 billion, up 29 percent from the year-ago quarter. Gross margin was 27.8 percent, down from 28.3 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenue.
"Apple Computer on Tuesday shut down its manufacturing operations in Elk Grove, idling a reported 235 workers as it attempts to cut costs in the cut-throat computer-making business," according to a breaking story first reported this afternoon by The Sacramento Bee.
New Mac OS X and Cocoa Features
As expected, today Apple began a promotion to clear inventory of Apple Cinema Display's and Power Mac G5's.
Sources: Low Display Inventory
Reducing the cost of iPods
A little over a year and a half ago the state of Maine equipped all seventh- and eighth-grade students with iBooks, via a multi-million dollar contract with Apple Computer. While the plan initially came under fire amid budget cuts, studies recently garnering high praise from the state's students and teachers.
A Macworld UK article covering ExtremeTech's analysis of Apple's lack of presence in the living-room, includes an interesting quote from Apple's iPod worldwide product marketing manager Danika Cleary.
Universal Music, the world's largest record company, said on Wednesday its European unit has converted its entire active catalogue into digital form so that some 300,000 songs can be sold in online music stores, according to Reuters.
In a followup to yesterday's report on further Power Mac G5 delays, sources have informed AppleInsider that shipping dates for Apple's newly announced Xserve G5's appear to have slipped once again.
In October, Microsoft fired an employee for his blog posting titled, Even Microsoft wants G5s, which includes photos of the delivery of three palettes of Dual 2.0Ghz Power Mac G5s to Microsoft's Redmond Campus. While many were shocked at Microsoft's retaliation to the innocuous web posting, employees reportedly signed a contract containing at least one clause prohibiting photography on the Microsoft campus.
According to the Register, the soon to be spun off Motorola chip division has updated its G4-class PowerPC processor, the MPC7447, taking the part to 1.5GHz, paving the way for one more PowerBook G4 update before the line before its upgraded to IBM's 90nm G5 chip, the 970FX.