Thoughtful, detailed coverage of the Mac, iPhone, and iPad, plus the TidBITS Content Network for Apple consultants.

 

 

Pick an apple! 
 

 

Other articles in the series Apple Financials

 

 
JesterCapWhat?! Something about this article seems odd? Maybe you should read it again carefully, or double-check the date it was published...
 

Apple to Lose $700 Million

Apple to Lose $700 Million -- In a press release last week, Apple CEO Gil Amelio announced that Apple anticipates posting a net after-tax loss of about $700 million for the second fiscal quarter. About half of the charges are related to inventory write-downs and another quarter to restructuring charges. Amelio said, "I'm confident at this point that I know what the problems are and that they are fixable," and he said that Apple would begin to articulate recovery plans in early May. [ACE]

<http://product.info.apple.com/pr/press.releases /1996/q2/960327.pr.rel.outlook.html>

 

Make friends and influence people by sponsoring TidBITS!
Put your company and products in front of tens of thousands of
savvy, committed Apple users who actually buy stuff.
More information: <http://tidbits.com/advertising.html>