Apple has a promising first-quarter resultApple has met the earnings expectations of Wall Street analysts, reporting a net income of $US38 million, or 11 cents per share, for its first fiscal quarter of 2002. The company had a dismal first fiscal quarter in 2001, when it posted a net loss of $195 million due to delays of its OS X operating system and excess inventory problems. However revenue for the first quarter of fiscal 2002 was $1.38 billion, up 37 per cent from a year ago, with international sales contributing 48 per cent. Apple shipped 746,000 Macintosh computers and over 125,000 iPod music players during the quarter, said Apple chief executive officer Steve Jobs in a statement. The company had more than 800,000 visitors to its Apple retail stores in December.eBay beats analyst's Q4 expectationsBuoyed by brisk holiday sales, Internet auction site eBay reported strong fourth-quarter results, beating analyst expectations and allowing the company to predict on-target earnings for the first two quarters of 2002. The auction site said that given its current results, it expects to meet revenue targets for the first half of 2002, reeling in anywhere from $490 million to $510 million. The company added, however, that a continued weakness in the online advertising market would keep its ad revenue down.
Ubi Soft hangs ten
Ubi Soft's newest PlayStation 2 title, Sunny Garcia Surfing, hits retail shelves this week. The arcade-style game was developed by Krome Studios and allows gamers to play as one of eight surfing identities with their own style, stunts and surfboards. The game has seven different game modes, with up to 70 trick moves. A multi-player mode allows players to vie against each other in split-screen competition.