View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 25, 1994


By CBR Staff Writer

Apple Computer Inc managed to surprise the market on Friday with better-than-expected profits for the fiscal third quarter. It cited strong sales of its new Power Macintosh machine for a 15% increase in revenues, as well as the effect of lower costs associated with last year’s restructuring. Over the last quarter we have improved our financial model, controlled our costs, and managed our working capital extremely well, said Michael Spindler, president and chief executive. Apple says it shipped more than 200,000 Power Macintoshes and Power Macintosh upgrades during the quarter and that there are now over 200 native applications, adding We are pleased to see industry support building around the Power Macintosh. More native applications are arriving from software developers, and response has been very good. Apple’s gross margins for the third quarter were 26.7% of net sales, up from 24.0% in the second quarter, and the shares jumped $3 to $31 in pre-opening trading on Friday.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.