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Apple Posts Lower-than-Expected Q3 Loss

Apple Posts Lower-than-Expected Q3 Loss — After the drama surrounding the departures of Gil Amelio and Ellen Hancock (see TidBITS-388), Apple’s third fiscal quarter report came and went quietly. Apple reported a net loss of $56 million (44 cents per share), compared to last year’s third quarter loss of $32 million (26 cents per share). $56 million is still a hefty chunk of money, but it fell conservatively amid speculations of a loss ranging from $70 million and $130 million. [JLC]

<http://product.info.apple.com/pr/press.releases / 1997/q4/970716.pr.rel.q397.html>

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