P.M. BRIEFING : Apple Computer Income Falls 29%

Apple Computer Inc. today said its second-quarter net income decreased 29% compared to the same quarter last year, partly because of previously announced problems with high-cost computer memory chips.

Net income fell to $56.4 million from $79.7 million while earnings per share were 44 cents compared to 61 cents for the second quarter of 1988.

Net sales were $1.25 billion, a 44% increase over the net sales of $867 million a year ago.

John Sculley, Apple’s chairman and chief executive, said the problem of an oversupply of chips bought at peak prices “is now substantially behind us.”

International sales accounted for 40% of total revenues during the second quarter. That figure was 38% last year.