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 November 8th
- Sat, 7:58 PM
- News - Apple TV 3.0.1 Update Fixes Missing Content Bug
- Fri, 7:45 PM
- Rumor - Taiwan Leak Shows Verizon UTMS/CDMA iPhone for Q3 2010
- 6:40 PM
- News - iPhone Moves Into RadioShack
- 6:30 PM
- News - Apple to Open Stunning Paris Apple Store in Le Louvre on Saturday
- 5:43 PM
- Free on iTunes - Dictionary, Dictionary, Dictionary, And More
- 4:09 PM
- John Martellaro's Blog - Particle Debris (week ending 11/6) Failure IS an Option
- 3:32 PM
- Games - The Latest App Store Games: Gravity Sling, RocketBird, Ground Effect, Checkers!
- 2:25 PM
- Games - Star Soccer 2010 for Mac Puts Gamers in Role of Up-and-Coming Player
- 2:15 PM
- How-To - The Mysteries of Rosetta Housekeeping
- 1:33 PM
- News - iPhone Game Developer Sued for Collecting User’s Cell Numbers
- 1:17 PM
- Games - Warhammer Online Expands Trial Play Option
- 11:19 AM
- Rumor - Apple May Be Bringing RFID to the iPhone
The Mac Observer Reader Specials
- TypeStyler For Mac OS X is Now Shipping! Download The Free Fully Functional 60 Day Tryout at www.typestyler.com
RamJet Memory: Mac Pro 8-core 8GB Kit $199.99, 4GB Kits $109.99! Sale on MacBook and MacBook Pro 8GB kits $549.99! New MacBook DDR3 2GB for $49.99. iMac and Mac mini 4GB Kits for $79.99! 1TB SATA Hard Drives for $109.99! Click here
OWC: Get the Right Memory / Ram for your Mac. Top Quality, Competitive Prices, Lifetime Warranty. Expert Support and Video Installation Guidies too! 4.0GB Matched Sets from $87.99, Options up to 32GB. Click here
If you're using a Mac, then you've gotta check out Full Tilt Poker for Mac. This Full Tilt Poker bonus code does the unthinkable, it actually rewards!For the latest Apple products use Ciao, a price comparison website, to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate mobile phones like the Apple iPhone.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

