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Apple: $233 Million profit and stock split approved
By Staff
During the always-important quarterly financial report, Apple announced a profit of $233 million for the second quarter, with revenues for the quarter of $1.94 billion, up 27% from the year-ago quarter, and gross margins are 28.2%, up from 26.3 percent in the year-ago quarter. International sales accounted for 51 percent of the quarter's revenues, according to Apple.
Fred Anderson, Apple's CFO, announced that the Board of Directors has approved a 2-for-1 stock split. A voting by shareholders will still decide whether such a split will happen.
As this goes to press, the conference call is currently open to questions from many analysts. Other details released from Apple are that their inventory is down below one day on hand, headcount increase is because of temp workers, and unit shipments are way up: 100,000 PowerBooks, 350,000 PowerMac G4s in this quarter alone!
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