Apple Financial Results Q2 2003

Apple webcast their Q2 2003 Financial Results.

    For the quarter, the Company posted a net profit of $14 million, or $.04 per diluted share. These results compare to a net profit of $40 million, or $.11 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.475 billion, down 1 percent from the year-ago quarter, and gross margins were 28.3 percent, up from 27.4 percent in the year-ago quarter. International sales accounted for 47 percent of the quarter's revenues.

Results can be seen in this press release.

Questions about Apple's Subscription plan for music as well as plans for future processor strategies were asked, but Apple would not answer questions on future products/plans.