Apple better on flat sales
The net income and i earnings per share of Apple Computer, Inc, more than doubled in the ' year ended September 26. Net income increased 151% to SUSIS4M, compared with SUS6I.2M. Earnings a share were up 141% at 239 c (99c). Sales, however, were slightly down: 5U51.902 billion (SUSI.9IB billion). Net sales for the fourth quarter were 5510.8 M, an increase of 25% over the year past period when net sales of $409.7M were recorded. Net income for the fourth quarter was up 47% at $32.9M or 51c a share, compared with 522.4 M, or 36c a share, for the fourth quarter of the previous year. Gross margins as a percentage of net sales were 53.3% for the fourth quarter and 53.1%.f0r the full year. For the year past periods, gross margins were 45.9% and 41.7%, respectively. Mr John Sculley, chairman and chief executive officer, said: “Apple has made substantial progress throughout fiscal 1986 as our second-half revenue gains and significant earnings improvement indicate.”
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Press, 4 November 1986, Page 28
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168Apple better on flat sales Press, 4 November 1986, Page 28
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