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Apple Q2 Nets $14M

apple.gifApple profits to the tune of $14M in its second quarter.

Apple today posted a net profit of US$14 million, or 4 cents per diluted share, for its fiscal 2003 second quarter ended March 29, 2003.

I fully expect their stock to drop 50 cents on the news tomorrow, cuz, y'know, that's how the stock market works when it comes to Apple. Profit is bad because a profitable Apple makes stupid stock analysts look, well, stupid.

One Response to "Apple Q2 Nets $14M"

  1. "This ends, what, two quarters with a loss after a looooooong string of profitable quarters, right?"

    See the table at the end of this article (German): http://www.heise.de/newsticker/data/jk-16.04.03-007/


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