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Apple Technology

Apple Computer reports $46 million profit

“Apple Computer Inc. reported on Wednesday a net profit of $46 million for the company’s second quarter ended March 27, 2004. In the quarter, Apple shipped 749 thousand Macintosh units and 807 thousand iPods, representing a 5 percent increase in CPU units and a 909 percent increase in iPods over the year-ago quarter. ” More…

It was interesting to note that Apple has about $4.6 billion in cash and no debt. That favourable cash position as well as strong iPod and notebook sales has helped Apple’s share price go from around $20 to around $27 in the past 6 months.

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Stock symbol : AAPL