Apple Computer Inc. reported sharply higher income for its fiscal fourth quarter. For the fiscal year, the small computer maker reported that earnings were two and a half times higher than 1985.
Earnings in the fourth quarter, ended Sept. 30, were $32.9 million, or 51 cents a share, up from $22.4 million, or 36 cents a share, a year earlier. Full-year earnings were $154 million, or $2.39 a share, up from $61.2 million, or 99 cents a share.
Results for the fiscal 1985 year are after a pretax provision of $36.97 million for consolidation of operations.
Revenues in the quarter rose to $510.8 million from $409.7 million a year earlier, with full-year revenues easing to $1.9 billion from $1.92 billion.
”During the fourth quarter we saw continued momentum of our Macintosh products in the business market and strong performance of our Apple II products in the education market,” said John Sculley, Apple chairman and chief executive officer.
