Apple blooms with Q2 financial results

NEWS Apple has posted a 73 per cent increase in financial results for its second quarter (Q2) ending 1 April. It made a net profit of $233m for the quarter compared to £135m for the same quarter a year ago. Revenues were also up 27 per cent to $1.94bn, with International sales accounting for more than 51 per cent. The company that has a particularly strong presence in niche markets such as education and the media industry, also announced a two-for-one-split of its common stock. Trading on the split adjusted stock will begin on June 21 2000.