Both Apple and Intel have unveiled quarterly financial results that were better than Wall Street's expectations.
Intel's quarterly revenues hit an all-time high of $8.74 billion, 22% up on the same quarter last year. (The previous record was $8.73 billion, in the third quarter of 2000.) Profits climbed by almost $1 billion to $2.2 billion. The Merc has the details.
Apple's first quarter revenues reached $2 billion, a four-year high, and were 36% higher than the same quarter last year. It also made a $63 million profit, compared with an $8 million loss. Revenues from sales of iPods jumped by 216%, and it represented 12% of the company's total revenue. Apple shipped 733,000 iPods compared with 829,000 Macs. AP has the details.
Sun Microsystems lost money while sales declined, but it only lost $125 million, compared with a loss of $2.3 billion in the same quarter last year. Revenues slipped just a fraction from $2.91 billion to $2.88 billion. See AP for more.
