Financial Roundup

15 October 2004

Latest results from major marketers


  • Apple Computer (fiscal Q4)
    Net income for the fourth quarter (to September 25) rose to $106 million (€86.38m; £59.25m) from $44m a year ago. Revenue rose 37% to $2.35 billion, Apple's highest fourth-quarter revenue in nine years.
        "It was a terrific quarter on every level," said Apple's chairman/ceo and co-founder Steve Jobs, attributing the soaring profits to iPod sales of over two million units and the company's successful retail store strategy.
        "When we rolled out the stores [during the nadir of the technology recession] everybody said we were nuts," said Jobs, who returned to work after recuperating from surgery only weeks back. "But we've had tremendous success with them."

  • Sony Ericsson (calendar Q3)
    The Swedish-Japanese cellphone maker (number five in the global league table) furnished further evidence of its improved fiscal health Thursday when it reported a sharp increase both in sales and profits.
        Pre-tax profit rose in the three months to September 30 to €136 million ($166.89m; £93.28m) on sales of €1.678bn, up year-on-year by 29%. Units shipped increased by 51% to 10.7m
        Comments president Miles Flint: "The quarter has seen us shipping a number of new products such as our first GSM mega pixel camera phone, the S700, the new P910 smart phone and the youth orientated K500 series."

    Data sourced from multiple origins; additional content by WARC staff