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Started by Joel West
Fri, 17 Oct 1986 00:50
Apple has strong quarter
Author: Joel West
Date: Fri, 17 Oct 1986 00:50
Date: Fri, 17 Oct 1986 00:50
23 lines
1474 bytes
1474 bytes
For those of you who missed it, Apple's sales were up 25% (to $511
million) and profits up 47% ($33 vs. 22 million) for their
fiscal 4th Q, ending Sept. 26.
They may have shifted forward some dealer Christmas purchases from the
(current) quarter. The IIgs is generating traffic, but has a production
problem with one of the custom chips, presumably involving Apple IIe
emulation.
FY 1986 is $1.9 billion in sales -- a flat performance considered good, given
the slump. Profit went from $61 million to $154 million.
The Sculley reorganization (leading to Mr. Jobs' retirement) is credited
with the improved profitability, despite major investments. Cash on hand
is $576 million, up $240 million, despite $128 m R&D expenditures.
The Mac is now Apple's strongest-selling PC, passing the IIe and IIc.
--
Joel West MCI Mail: 282-8879
Western Software Technology, POB 2733, Vista, CA 92083
{cbosgd, ihnp4, pyramid, sdcsvax, ucla-cs} !gould9!joel
joel%gould9.uucp@NOSC.ARPA
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