One very positive statement
2002 2001 2000 1999 1998 1997
Net Inc 65 -37 786 601 309 -1,045
With Net income up over last year…that’s a sign of growth!
What’s the positive? it appears that Apple has fallen victim to the overall slowdown in PC sales and the continuing sluggish pace of PC sales, (combined with the loss of earnings on the cash and equivalents due to low interest rates) has made it a challenge for Apple to stay above break even over the most recent quarters.
The positive news is that while [typo when I wasn’t logged in is fixed here] other companies net revenues are declining, Apple managed to eak out a gain over the past year…
Even a small gain is better than none.
I think the numbers got a bit garbled in the post.
2002 - 5742.00
2001 - 5363.00
2000 - 7983.00
1999 - 6134.00
1998 - 5941.00
1997 - 7081.00
Gopher’s point being that Apple saw a revenue increase in a tough market, when all but Dell are seeing revenue decreases. It *is* a positive, but I am not sure if it is strong enough to be a “good sign.”
It is very troubling that Apple saw its education sales slip 12%. That’s a very serious issue for Apple.
Editor - The Mac Observer
Favorite (but less relevant than it used to be) Quote: Microsoft’s tyranny lies not in its success, but in the way it achieved and maintains that success.
On the education front, Apple’s sales are cyclical. There are many Mac-based schools that have an established upgrade cycle. A couple of other issues to consider:
The bulk of education software for the Mac in the K-12 market is not OS X product. It will take a couple/few years for developers to release Mac OS X versions of education software.
Macs tend to last longer than other PCs in the school environment so Apple will not see a big bump in education sales until schools see a reason to upgrade. An iMac purchased two or three years ago still holds its own in terms of giving techers and students what they need.
The other issue is Apple’s education strategy. The company is focusing efforts on school-wide programs. There are not a lot of schools looking at big investments in technology (outside of grant funded programs) in the current economic climate.