toggle

AAPL Stock: 497.67 ( 0 )

Apple leads tech pack in profit surge

updated 05:20 pm EST, Thu February 19, 2004

Apple profit surge


BusinessWeek reports that companies in 2003 posted the highest profit surge in history. Apple recorded the , a 552 percent jump in annual profits to $137 million, thanks to strong sales of its computers and the iPod. By comparison, the crowded software industry didn't see such a sharp increase. "Although profits at Oracle rose 22%, to $2.5 billion last year, sales climbed a meager 4% [...] Microsoft barely surpassed the industry's 8% total annual sales gain, with an 11% increase, to $34.3 billion."


by MacNN Staff

print
email
(13)

TAGS :

 Apple

Related Articles

Recent Articles

toggle

Comments

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 05:36pm | report spam | Reply |

    wow

    Umm .. Im sure people will start bashing these numbers by starting off with the market share argument .. blah blah blah


    AZEEZ !! Light !

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 05:40pm | report spam | Reply |

    Great!

    All I've got to say is that's its nice to see Apple doing well, I hope this continues for them!

    It's actually enjoyable being a webdesigner and working on a Mac Os X equipped machine..not even a top of the line one..

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 05:42pm | report spam | Reply |

    OVERRIPE!!

    Microsoft is OVERRIPE to see continuing decreases in its sales increases.

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 05:47pm | report spam | Reply |

    more MacNN misinfo

    Of course MacNN screwed up again -- it quoted percent profit increase for Apple but percent SALES increase for Microsoft. Two totally and non-comparable things. The actual article states that Microsoft only had 9% increase in profits.

    Of course, percentages are meaningless when talking about these things. A company could have 1$ in profits in 2002 and $1000 in profits in 2003 and register a HUGE percentage increase for a ho-hum result.

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 05:54pm | report spam | Reply |

    Lies, damn lies and ...

    statistics. What a ridiculous figure to use to measure the health or otherwise of a company. Just imagine if Apple had *lost* money last year: what percentage increase would they have made then? Negative?
    Apple had a bad year in 2002 and a better one in 2003. That much is clear, but cut the meaningless measures.

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 06:13pm | report spam | Reply |

    Cool

    Bring on the price cuts.

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 06:17pm | report spam | Reply |

    Apple $137M, MS $8.9B Wow

    That's a huge difference! Places things in perspective. Personally, I think the time is ripe for Apple to increase their profits. Go go iPod mini!

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 06:43pm | report spam | Reply |

    increases cant

    increases cant be negative. to answer your question. they would just report it as a loss.

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 07:03pm | report spam | Reply |

    duh

    What's up with the competition dorks showing up and bashing MacNN around here? It's a free service, either get something from it or just avoid it if you're that concerned.

    On topic, I hope that apple can continue to increase profits, though I wonder what significance this has as a company with one cent of profit in Jan. 2003 could have massive gains by improving it by ten cents!

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

    0
    02/19, 07:20pm | report spam | Reply |

    Sounds Positive

    especially with Apple being debt free now.

    Still the stock price doesn't reflect a company doing so well. Guess they need more consumer sales. When are they upgrading the iMac to a G5? Maybe a lot of people like me waiting.

Show More Comments

Login Here

Not a member of the MacNN forums? Register now for free.

 
close
Photo
toggle

Network Headlines

toggle

Most Popular

10 Most Read

Recent Reviews

Logitech Cube

The world of mice could often be described charitably as stagnant: it's an endless sea of ergonomic shapes that assume you're sitting ...

NewerTech and Targus USB Hubs For Gifts

A useful holiday present to resolve an ongoing frustration is a multi-port hub. Whether as a stocking stuffer, Chanukah present, or an ...

X-Rite ColorMunki Photo

Color calibration is the art of tweaking your monitor so that the colors represented on screen better match real life and your printer ...

toggle

Most Commented

10 Most Discussed

 

Popular News