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Turmoil at Apple

Turmoil at Apple — Apple announced last week it expects to report a $68 million loss for its first fiscal quarter this year, despite growing unit shipments and revenues. Apple claims price wars in the personal computer market (particularly in Japan) resulted in sales and margins below internal projections. As if this weren’t enough, Apple bid farewell to no less than five vice presidents in an executive-level shake-up and reorganization, which added to rumors CEO Michael Spindler’s days may be numbered. [GD]

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