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Article: Apple back in the black Thanks to the iMac, Steve Jobs and company can smell the roses again.
- Article from:
- The Independent (London, England)
- Article date:
- October 19, 1998
- Author:
CopyrightCopyright 1998 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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IT MAY be tempting fate to say this but, after three long years,
Apple Computer is no longer on the critical list.
Last week Steve Jobs, Apple's chief executive, announced the
company's latest financial results which showed that, for the fourth
quarter in a row, the company had beaten Wall Street's expectations,
making a fourth- quarter profit of $106m, which brought its total
profit for the year to $309m. That compares with total losses of
almost $2bn over the previous two years.
Jobs came up with lots of other impressive figures, as well. The
iMac, Apple's new consumer computer, has sold 278,000 units since its
US launch six weeks ago. The success of this one item produced a 28
per cent ...