DealsOnTheWeb Daily Deal: 8GB iPod Touch: $229 Delivered
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
Recent Headlines - Updated Thursday, May 22nd, 2008
- Thu., 2:15 PM
- OWC Announces Fast, Quiet SuperDrives For Almost All Macs
- 12:55 PM
- iPodObserver - OppeheimerFunds Rates AAPL as "Outperform"
- 12:30 PM
- iPO Review - iMunchies for iPhone
- 12:30 PM
- iPO Review - Privacy Screen Pro
- 9:15 AM
- Security Firm Tires of Waiting for Apple Fix, Publishes iCal Security Flaws
- 9:10 AM
- TMO's DealsOnTheWeb.com - iMac 2.0GHz Intel Core 2 Duo 20-inch Aluminum LCD: $949 Delivered
- 8:45 AM
- Microsoft Resorts to Paying People to Use Windows Live Search Engine
The Mac Observer Reader Specials
- Download Typestyler, still the Ultimate Styling Tool for Internet, Print and Video Graphics. Works great in Classic with a Native OS X Version on the way. Free Tryout: www.typestyler.com
- Other World Computing: OWC Mercury On-The-Go FW400/800/USB2/eSATA Solutions: High Performance A/V Rated, **Bus Powered** Hard Disk Storage - **Now 40GB and up to ***250GB*** in the palm of your hand. Macworld Magazine Editor's Choice - from $87.99!
MacPro Memory 667Mhz With Apple Spec Heat Sink 2GB Kit $ 90 / 4GB Kit $140 / 8GB Kit $278 Click to Maximize your Macs...
Mac observers can now play Party Poker for Mac as well as Mac casino games by going to MacPokerOnline.com.For the latest Apple products use Ciao a comparison website to find laptops like MacBook Air. Then find the best prices on MP3 players and use our comparison tool to evaluate cell phones.
Laptop Hardware Provided by TechRestore - Overnight Mac & iPod Repairs.

