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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Wednesday, October 15, 2003

Apple posts solid quarterly results
Today, Apple announced its third quarter financial results, which includes a net profit of $29 million on revenues of $1.7 billion, or $44 million when you include one-time, non-product-related gains, including an after-tax investment gain of $6 million, a favorable accounting transition adjustment of $3 million related to Apple's stock repurchase agreement, and a gain on settlement of the stock repurchase agreement of $6 million. Overall, it was a solid quarter for the company, which experienced strong sales of Power Mac G5 systems and iPods, but very slow sales of iBooks and iMacs. Tomorrow, of course, Apple will unveil the latest part of its digital music strategy, which is expected to include a new Windows compatible iTunes Music Store.

[ Posted at 7:08 PM | Permalink ]