Apple’s CFO Fred Anderson is confident that the company will report 35 per cent revenue growth – rising from $6 to $8 billion – in its results for the financial year 2000, which ends September 30.
The report, from the Sydney Morning Herald and MacCentral, reiterates CEO Steve Job’s statement last month that Apple plans to double its share of the $215 billion computer market within two years.
Apple’s rationalized supply chain, and low inventory are described as two of the key strategies that have helped turn the company around. Anderson describes Apple as a "growth company once again", crediting Steve Jobs as being a "visionary leader". He praises Jobs for his "vision to bring Apple back to our historical roots as an innovator in the industry".
Apple returned a net profit of $200 million in the third quarter, Apple’s eleventh successive profitable quarter. The company is gearing up to return a twelfth.
Apple’s stock closed up $1.8, at $48.5 yesterday, rising another $1, to $49.5 on the after-hours market.