apple news/media reports
02/19/2004, 5:20pm, EST
Thursday, February 19th
Apple leads tech pack in profit surge
BusinessWeek reports that companies in 2003 posted the highest profit surge in history. Apple recorded the largest increase among tech companies, 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 $34.3 billion."
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AZEEZ !! Light !
It's actually enjoyable being a webdesigner and working on a Mac Os X equipped machine..not even a top of the line one..
Of course, percentages are meaningless when talking about these things. A company could have 1$ in profits in 2002 and $1000 in profits in 2003 and register a HUGE percentage increase for a ho-hum result.
Apple had a bad year in 2002 and a better one in 2003. That much is clear, but cut the meaningless measures.
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!
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.