Computer maker posts healthy-ish profit...
By Aled Herbert
Published: 17 January 2002 07:23 GMT
Apple met Wall Street expectations in its first quarter results ending 29 December slightly beating analysts' expectations.
The computer maker reported a profit of $38m, based on revenues of $1.4bn for the three-month period ended 29 December.
The results are in sharp contrast to the same period last year, when the computer reported a loss of $195m, based on sales that just topped $1bn.
Apple shares dipped slightly following the results.
The company recently unveiled the latest incarnation of its flagship computer, the iMac.
Apple will be pinning its hopes on strong sales of its radically redesigned machine, which begins shipping at the end of the month. The original iMac turned the company's fortunes around when it was launched in 1998.
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