Apple Computer Inc. reported on Wednesday a net profit of $46 million for the company’s second quarter ended March 27, 2004. In the quarter, Apple shipped 749 thousand Macintosh units and 807 thousand iPods, representing a 5 percent increase in CPU units and a 909 percent increase in iPods over the year-ago quarter.
The $46 million profit, or $.12 per diluted share, compares favorably to the year-ago quarter where Apple reported a net profit of $14 million, or $.04 per diluted share. International sales for this quarter accounted for 43 percent of the revenue.
The quarter’s results include a restructuring charge of $7 million, without which the company would have reported a $53 million, or $.14 per diluted share, profit.
Apple CFO, Fred Anderson said the company had about $4.6 billion in cash and no debt. Looking ahead to the third quarter, Anderson said he expects the fourth consecutive quarter of year-over-year double-digit growth in both revenue and earnings, with revenue of about $1.925 billion.