Apple Posts A Loss For Quarter
As previously hinted by Fred Anderson, Apple posted a loss of .13 a share. If non-recuring costs were not added, it would have been a profit of 2 cents a share. . If you read between the lines, things are not as bad as they may seem. The whole industry is suffering but Apple still has tons of cash and continues R&D. Here's the info
<a href="http://biz.yahoo.com/prnews/021016/sfw121_1.html" target="_blank">http://biz.yahoo.com/prnews/021016/sfw121_1.html</a>
<a href="http://biz.yahoo.com/prnews/021016/sfw121_1.html" target="_blank">http://biz.yahoo.com/prnews/021016/sfw121_1.html</a>
Comments
...and pick up some deals on cheap stock tomorrow morning folks. apple's got so much cash in the bank, they're still fine for quite some time.
What exactly was "a write-down of certain equity investments totaling $49 million" anyway?
[ 10-16-2002: Message edited by: Hobbes ]</p>
know they aren't going to come right out and say, our pro product isn't good enough and people are waiting till it is but to just keep saying the same thing and sales to just get worse and worse is ridiculous
Apple is doomed!
I am switching to PC!
I have to do this before anyone starts this
If Apple resorts to bait-and-switch, I'll be P O'd
I think a lot of economists can see past that...some sites are reporting the info (accurately) by saying that Apple met estimates:
<a href="http://cbs.marketwatch.com/news/story.asp?guid={854C6280-980D-4D72-89D5-B5FD4DE9ABF2}&siteid=mktw" target="_blank">CBS Marketplace: Apple Meets 4th Quarter Estimates</a>
So I don't know if the selloff will be that extreme.
<strong>tired of the bullshit they keep spewing how powermac sales suck because of the hard economic times we're having.
know they aren't going to come right out and say, our pro product isn't good enough and people are waiting till it is but to just keep saying the same thing and sales to just get worse and worse is ridiculous</strong><hr></blockquote>
But isn't it lucky that apple's pro line sucks so hard during a time when not many people could buy anyway? Think about it: if Apple had released what we've been waiting for during this economy, there would have been an initial surge followed by a sharp decline.
Hmm, that sounds familiar. The iMac G4 was one product we were all waiting for, most of us love and would have snatched one up in a second when the were first released. Now, it's gathering dust and not entirely because of it's specs. I'm counting my blessings (as a shareholder) that Apple didn't release ANOTHER kick ass computer and have it not meet expectations.
<strong>The Powerbook was a big loser. It dropped from 94K units last quarter to 58K this quarter. I think the MHZ gap has hit the Powerbook side. People don't want to pay $2499 for a 667MHZ machine. The good news is that Apple can probably bump up the processors from 667MHZ and 800MHZ a good deal and get these sales back next quarter.</strong><hr></blockquote>
If people don't wanna get a 667MHz machine at that price, do you really think many more people will pay the same price for a 800MHz one?
It starts with lower prices. Across the line. They've started with the iMac already, but you can't tell me that they wouldn't sell a sh*tload of newly speedbumped G4 (yes G4)800mhz 14" iBooks for $1999.
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If people don't wanna get a 667MHz machine at that price, do you really think many more people will pay the same price for a 800MHz one?</strong><hr></blockquote>
Good point, EmAn.
(careful, I've seen at least two, two line posts from you today. )
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If people don't wanna get a 667MHz machine at that price, do you really think many more people will pay the same price for a 800MHz one?</strong><hr></blockquote>
It wouldn't hurt...anything is better than the current value or lack of it.
People due put off buying Macs when they been out for 6-9 months with no real increase in their specs.