Fourth Down, $100 Million To Go — Following a surprise $25 million profit during its last fiscal quarter, Apple said it expects a loss of between $100 to $150 million for the first fiscal quarter ending 27-Dec-96. Apple blamed the decline on slow holiday Performa sales and continued unavailability of PowerBook models. Although most Apple executives did not expect to post back-to-back profits for the two quarters, the deeper loss could force more restructuring than planned, and possible layoffs. Apple will announce the actual fiscal results on 15-Jan-97. [JLC]
Subscribe today so you don’t miss any TidBITS articles!
Every week you’ll get tech tips, in-depth reviews, and insightful news analysis for discerning Apple users. For over 33 years, we’ve published professional, member-supported tech journalism that makes you smarter.
Registration confirmation will be emailed to you.