Apple To Report 1st Quarter Loss This Week
Apple To Report 1st Quarter Loss This Week
by , 7:00 AM EST, January 15th, 2001
Apple will be reporting its fiscal 1st Quarter earnings this week on Wednesday, after the markets close. The company is expected to report its first loss since Steve Jobs took over the company three years ago. Warnings of this anticipated loss helped spark a large drop in the company's stock value in December of last year. Apple suffered from increased inventory on hand in the face of a market-wide slowdown of the computer market. Apple has also admitted that they missed the CD-RW revolution and recently introduced PowerMac G4 models to correct this.
In addition, they saw a large drop in education sales related to changes in their education sales model that were introduced at exactly the wrong time. The three things combined met for a huge revenue decrease that Apple has said will be in the range of US$600 million less than prior projections.
The Mac Observer will be covering the earnings report and the company's conference call with an initial brief immediately after the announcement. We will follow it up with a detailed analysis on Thursday morning.
The Mac Observer Spin:
The real question is whether or not Steve Jobs and Fred Anderson left any wiggle room in their new guidance. Guidance is meant to be just that, guidance for how a company will perform so that the Stock Market will have time to react accordingly. In the best of times, this can mean a rise in stock value, while the worst of times will see a precipitous drop. Judging by the price drops introduced by Apple in the week prior to MACWORLD, it is likely that Apple still had inventory left to sell at that time, which was after the quarter about to be released ended. There has been no indication from the company on how successful those price cuts were. It will be interesting to see how the company's stock performs during the next three trading sessions.Observer Comments
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated May 21st
- Sat, 1:09 PM
- MacOS KenDensed - MacOS KenDensed: Killing Off Unlimited Data & Big iPhone Rumors
- Fri, 8:58 PM
- News - Sprint Offers $100 Credit for iPhones From Other Carriers
- 7:50 PM
- Free on iTunes - A Free Art Exhibit App for iPad
- 7:41 PM
- The Back Page - Apple Could Use 7” iPad Pricing to Punish Competitors
- 5:41 PM
- TMO Appearances - John Martellaro Talks on Tech Night Owl: Competing with Apple
- 4:25 PM
- Particle Debris - Yes, But Will Anyone Actually BUY an Apple HDTV?
- 3:47 PM
- Deal Brothers - 13” MacBook Air 1.86 GHz Intel Core 2 Duo: $999
- 1:15 PM
- Product News - DropKey goes Free on Mac App Store through Sunday
- 10:28 AM
- News - Apple Unveils 2012 iTunes Festival Lineup
- 9:40 AM
- News - Court Orders Apple, HTC into Patent Settlement Discussion
- 8:54 AM
- News - Sony Signs Woz as Jobs Bio-pic Consultant
- 8:25 AM
- TMO Quick Tip - Mac OS X: Open Contacts & Events in Separate Windows
The Mac Observer Reader Specials
Macsales Add 2nd Hard Drive or SSD to Mac mini, MacBook or MacBook Pro. 1TB of Hard Drive or SSD Capacity from $64.99! Video Guides Make it easy - OWC DataDoubler - Macsales.com 
Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
If you're using a Mac, then you've gotta check out PokerOnAMac.com. Online casinos and poker rooms are literally giving away cash and the casino sites at Poker on a Mac do the unthinkable, they actually reward! Join today, the download is free! 
Looking to find online casinos for mac? We can help you find the best real money casino sites where you can play your favorite casino games including blackjack and slots. -
-
-
-
-
-
