Apple Posts $708 Million Loss -- As readers in the United States agonized over their tax forms last week, the folks at Apple found themselves staring at a $708 million quarterly loss, the second worst showing in Apple's historyShow full article

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Apple Posts $708 Million Loss -- As readers in the United States agonized over their tax forms last week, the folks at Apple found themselves staring at a $708 million quarterly loss, the second worst showing in Apple's history. The bulk of the loss comes from Apple's $375 million purchase of NeXT Software and a $155 million charge to cover "restructuring activities."

Although the numbers sound intimidating, especially since the company's deep reserve pockets are now significantly shallower, the press hasn't jumped back on the "Apple is dead" bandwagon that keeps rolling along Infinite Loop. This may be due to several elements that support a gradual success of the company's restructuring plans: operating expenses were down $32 million from last quarter, and down $65 million from the same quarter last year; business sales climbed 35 percent over the first quarter; and PowerBook sales accounted for 22 percent of total revenue, up from 10 percent. [JLC]

<http://product.info.apple.com/pr/press.releases /1997/q3/970416.pr.rel.q297.html>

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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 quarterShow full article

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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>

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Apple Posts $161 Million Fourth Quarter Loss -- Last week, Apple posted its fourth quarter results, which included a $161 million net loss. For the year, Apple's revenues totaled $7.1 billion, down 28 percent from $9.8 billion in 1996Show full article

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Apple Posts $161 Million Fourth Quarter Loss -- Last week, Apple posted its fourth quarter results, which included a $161 million net loss. For the year, Apple's revenues totaled $7.1 billion, down 28 percent from $9.8 billion in 1996. The net loss for 1997 reached $1.0 billion, compared to an $816 million loss in 1996. Though the $161 million loss is nothing to crow about, without the charges Apple took related to the acquisition of Power Computing's Macintosh assets, it would have been a $24 million loss. Also positive was the reduction in recurring operating expenses to $353 million, down from $408 million in the third quarter of 1997 and $505 million in the fourth quarter of 1996. Helpful were the strong sales of Mac OS 8, which has sold two million copies since its July release. The $1.0 billion net loss for the year is alarming, but remember it contains restructuring charges of $217 million and $450 million in write-offs related to the NeXT and Power Computing acquisitions. Without that $667 million in one-time charges, the 1997 $1.0 billion loss drops to $333 million. [ACE]

<http://product.info.apple.com/pr/press.releases /1998/ q1/971015.pr.rel.q497.html>

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Apple Store Books $500,000 in 12 Hours -- After removing the deadbolt on the Apple Store that we reported on last week, Apple reported placement of $500,000 in orders during its first 12 hours of businessShow full article

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Apple Store Books $500,000 in 12 Hours -- After removing the deadbolt on the Apple Store that we reported on last week, Apple reported placement of $500,000 in orders during its first 12 hours of business. The online store, which offers build-to-order (BTO) Power Macintosh G3 computers using WebObjects technology acquired by NeXT, shouldered 4.4 million hits between noon and midnight PST on its opening day. This is good news, of course, and interim CEO Steve Jobs appropriately gushed in his quote for Apple's press release. Now we have to wait and see if Apple's "Think Different" campaign spills over to fulfilling orders and shipping machines on time. [JLC]

<http://store.apple.com/>
<http://db.tidbits.com/article/04251>
<http://product.info.apple.com/pr/press.releases /1998/ q1/971111.pr.rel.onlinestore.html>

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Apple Posts $55 Million Quarterly Profit -- Apple significantly surpassed analysts' expectations last week by posting a $55 million profit on revenues of $1.4 billion for its second fiscal quarter of 1998Show full article

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Apple Posts $55 Million Quarterly Profit -- Apple significantly surpassed analysts' expectations last week by posting a $55 million profit on revenues of $1.4 billion for its second fiscal quarter of 1998. This marks Apple's second consecutive profitable quarter, having earned $45 million in the first quarter of this fiscal year. In contrast, Apple lost $708 million dollars in this quarter last year, due in part to the acquisition of NeXT Software. According to Apple, just over half of the 650,000 Macs sold were G3 systems, and international sales accounted for 50 percent of total revenues in the quarter. [GD]

<http://www.apple.com/pr/library/1998/apr/ 15q2.html>

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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-96Show full article

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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]

<http://product.info.apple.com/pr/press.releases /1997/q2/970103.pr.rel.earnings.html>

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Apple to Reorganize & Lay Off 1,300 People -- Last week Apple officially announced a $69 million loss for its first fiscal quarter of 1996 (despite increased sales) and revealed plans for a company-wide restructuring which will include laying off about 1,300 employees from administration, sales, and marketingShow full article

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Apple to Reorganize & Lay Off 1,300 People -- Last week Apple officially announced a $69 million loss for its first fiscal quarter of 1996 (despite increased sales) and revealed plans for a company-wide restructuring which will include laying off about 1,300 employees from administration, sales, and marketing. The reorganization is expected to cost Apple at least $125 million next quarter, as well. Apple also announced plans to pursue broader licensing of the Mac OS and simplify its product line, possibly withdrawing from low-end and some mid-range markets. Supposedly, these markets would be opened for clone makers, although the ability of any clone vendor to meet demand in the low-margin, low-end market is unknown. Although the Wall Street Journal reports Apple has been shopping around for a buyer, Apple maintains it is not for sale, and analysts don't see a problem with Apple holding onto its core markets in publishing, home, and education. Meanwhile, speculation continues about the future of Apple CEO Michael Spindler. [GD]

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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 quietlyShow full article

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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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Apple Posts Quarterly... Profit! After serving as a punching bag for Wall Street, business and technology press, and financial pundits for the last three fiscal quarters, Apple surprised most financial analysts last week by posting a $25 million profit for its fourth fiscal quarterShow full article

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Apple Posts Quarterly... Profit! After serving as a punching bag for Wall Street, business and technology press, and financial pundits for the last three fiscal quarters, Apple surprised most financial analysts last week by posting a $25 million profit for its fourth fiscal quarter. Although Apple still lost a lot of money for its 1996 fiscal year (an intimidating $816 million), this return to profitability is largely credited to Apple's restructuring, reduced operating expenses, and improved efficiency under new CEO Gil Amelio. Although Apple's still not out of the woods and faces many challenges, this unexpected news should bolster Apple as it introduces a number of new products and takes aim at the lucrative holiday season. [GD]

<http://product.info.apple.com/pr/press.releases /1997/q1/961016.pr.rel.q496.html>

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Small Apple Loss Better Than Expected -- Last week, Apple released financial results for its third quarter of 1996, recording a loss of $32 million. Though $32 million is a lot of money, it's important to note that Wall Street was expecting Apple to post a loss three to ten times larger than that, although Apple fudged its balance sheet a bit through a one-time sale of holdings in America Online and another one-time tax benefitShow full article

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Small Apple Loss Better Than Expected -- Last week, Apple released financial results for its third quarter of 1996, recording a loss of $32 million. Though $32 million is a lot of money, it's important to note that Wall Street was expecting Apple to post a loss three to ten times larger than that, although Apple fudged its balance sheet a bit through a one-time sale of holdings in America Online and another one-time tax benefit. Nonetheless, the numbers caused many brokerage firms to upgrade their ratings of Apple stock, and confidence in Apple's new management seems to be growing, though Apple is careful to point out it doesn't expect to return to profitability until the second quarter of 1997. Nonetheless, it appears BusinessWeek's recent pronouncements of Apple's death may have been slightly exaggerated (see TidBITS-312). [GD]

<http://product.info.apple.com/pr/press.releases /1996/q4/960717.pr.rel.q396.html>

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The good news continues, with Apple reporting late last week that they posted record revenues and unit shipments for the fourth fiscal quarter. Apple's revenue for the quarter was $2.14 billion, a 21 percent increase from the same quarter last yearShow full article

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The good news continues, with Apple reporting late last week that they posted record revenues and unit shipments for the fourth fiscal quarter. Apple's revenue for the quarter was $2.14 billion, a 21 percent increase from the same quarter last year. Of course, revenues don't mean much if expenses were equally high, and although not impressive, Apple turned back to profitable ways, with a net income of $2.7 million, somewhat less than the $97.6 million the company made the same quarter last year. Needless to say, earning $2.7 million is better than losing hundreds of millions, as had happened earlier this year (although the net income for the year was $86 million). Apple attributes the decline in net income to the fact that gross margins declined from 42.7 percent of sales to 25.7 percent of sales.

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Jobs Announces $45 Million Profit -- Although Steve Jobs's keynote address at San Francisco's Macworld Expo didn't include much of his trademark showmanship - or news on Apple's ongoing search for a new CEO - he did end the presentation with a surprise: Apple expects to post a quarterly profit of $45 million on a total revenue of $1.575 billionShow full article

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Jobs Announces $45 Million Profit -- Although Steve Jobs's keynote address at San Francisco's Macworld Expo didn't include much of his trademark showmanship - or news on Apple's ongoing search for a new CEO - he did end the presentation with a surprise: Apple expects to post a quarterly profit of $45 million on a total revenue of $1.575 billion. Rather than coming from creative number-juggling, Apple's statement claims the income represents a true operational profit, based in part on strong sales of new Power Macintosh G3 systems (more than 130,000 units during 1997) and retail sales through CompUSA, which is setting up Mac-specific areas in its outlets. Apple also credited its new online store and build-to-order manufacturing capabilities. Whether Apple can sustain profitability during 1998 remains open for debate; however, posting a profit now certainly gives Apple partners, shareholders, and customers a much-needed morale boost. [GD]

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Apple Racks Up $101 Million Profit -- Apple Computer last week announced a profit of $101 million for the third fiscal quarter of 1998, although bolstered by $26 million in one-time investment gainsShow full article

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Apple Racks Up $101 Million Profit -- Apple Computer last week announced a profit of $101 million for the third fiscal quarter of 1998, although bolstered by $26 million in one-time investment gains. $101 million works out to $.65 per share, almost double analysts' estimates of $.33 per share. Revenues for the quarter equaled last quarter at $1.4 billion, gross margins were 25.7 percent (the highest in three years, thanks to the Power Macintosh G3s and PowerBook G3s), and Apple CFO Fred Anderson said that company has almost $2 billion in cash on hand. Anderson also noted that the introduction of the low-margin iMac in the next fiscal quarter will drive down gross margins but should increase revenues. [ACE]

<http://www.apple.com/pr/library/1998/jul/ 15results.html>

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iMac Propels Apple to $106 Million in Earnings -- Citing streamlined operations and strong unit shipments, Apple Computer has announced earnings of $106 million for the fiscal quarter ending 25-Sep-98Show full article

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iMac Propels Apple to $106 Million in Earnings -- Citing streamlined operations and strong unit shipments, Apple Computer has announced earnings of $106 million for the fiscal quarter ending 25-Sep-98. For the fiscal year, Apple's revenue totalled $5.9 billion, with net earnings of $309 million, marking Apple's first profitable fiscal year since 1995. Although total revenue dipped slightly from the same quarter a year ago, Apple's nest egg grew by more than $300 million to a total of $2.3 billion in cash and short-term investments. Apple's ending inventory was a lean $78 million, or approximately six days of inventory.

<http://www.apple.com/pr/library/1998/oct/ 14fy98q4rel.html>

Apple's renewed financial health is due in part to the iMac's popularity. Apple says it shipped more than 278,000 iMacs during the product's first six weeks, making the iMac the fastest selling Mac ever. These strong sales may indicate the iMac could help expand Apple's market share: Apple grew faster than the overall computer industry last quarter. Further, while a telephone survey of almost 2,000 early iMac buyers revealed the majority of purchasers (58 percent) were previous Macintosh owners, a surprising 29.4 percent were new computer purchasers, and 12.5 percent owned Intel-based PCs. [GD]

<http://www.apple.com/pr/library/1998/oct/ 14imacresults.html>

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Apple Records $152 Million Profit -- Apple announced a net profit of $152 million on $1.7 billion in revenue for its first fiscal quarter of 1999, marking Apple's fifth consecutive profitable quarterShow full article

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Apple Records $152 Million Profit -- Apple announced a net profit of $152 million on $1.7 billion in revenue for its first fiscal quarter of 1999, marking Apple's fifth consecutive profitable quarter. Although the results include a one-time $29 million gain from selling holdings in ARM Ltd., Apple also sold 519,000 iMacs during the quarter, contributing to a 49 percent increase in unit shipments compared to the same quarter a year ago. Apple also wrapped up the quarter with a scant two days of inventory worth about $25 million, indicating the company continues to hone its newfound manufacturing and distribution efficiency. [GD]

<http://www.apple.com/pr/library/1999/jan/ 13earnings.html>
<http://www.arm.com/>

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Apple Pockets $135 Million in Profit -- Apple Computer announced a $135 million profit on $1.53 billion in revenue for its second fiscal quarter of 1999, marking Apple's sixth consecutive profitable quarterShow full article

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Apple Pockets $135 Million in Profit -- Apple Computer announced a $135 million profit on $1.53 billion in revenue for its second fiscal quarter of 1999, marking Apple's sixth consecutive profitable quarter. Apple also has $2.9 billion in cash and short term investments, up $300 million from last quarter. Apple's profits were buoyed by $50 million from continued sale of shares of ARM Ltd., but Macintosh sales numbers remained strong, with Apple showing a 27 percent growth in unit sales since the same quarter last year. Although inventory problems continue to nag iMac availability (partly because blueberry iMacs seem more popular than other colors), Apple spent $8 million improving manufacturing operations and ended the quarter with a mere one day of inventory. Roughly half of Apple's sales come from outside the United States, and Apple says it shipped 400,000 Power Macintosh G3s during the quarter, although PowerBook sales lagged, probably because customers are waiting for future models. [GD]

<http://www.apple.com/pr/library/1999/apr/ 14results.html>

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Apple Pulls In $203 Million -- Apple Computer announced a $203 million profit for its third fiscal quarter of 1999. The results include a one-time $89 million gain from continued sales of Arm Holdings plc; without this, Apple's profit would have been $114 millionShow full article

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Apple Pulls In $203 Million -- Apple Computer announced a $203 million profit for its third fiscal quarter of 1999. The results include a one-time $89 million gain from continued sales of Arm Holdings plc; without this, Apple's profit would have been $114 million. According to Apple, unit growth is 40 percent higher than at this time a year ago, propelled by strong sales of iMac systems into consumer and education markets; approximately 45 percent of Apple's sales are to international markets. Currently, Apple is operating with less than one day of inventory and a cash balance of over $3.1 billion, and the company's profit margin continues to improve, rising to 27.4 percent this quarter. These results mark Apple's seventh consecutive profitable quarter. Apple also announced plans to repurchase up to $500 million of its common stock. [GD]

<http://www.apple.com/pr/library/1999/jul/ 14q3.html>
<http://www.apple.com/pr/library/1999/jul/ 14stock.html>

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Apple Posts $111 Million Profit -- Apple Computer announced a net profit of $111 million on $1.34 billion in revenue for its fourth fiscal quarter, with earnings of $601 million on $6.1 billion in revenue for the 1999 fiscal yearShow full article

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Apple Posts $111 Million Profit -- Apple Computer announced a net profit of $111 million on $1.34 billion in revenue for its fourth fiscal quarter, with earnings of $601 million on $6.1 billion in revenue for the 1999 fiscal year. Apple's Q4 results were down 14 percent from the same quarter a year ago, but Apple's 1999 revenue and earnings were up from 1998, which had earnings of $309 million on $5.9 billion in revenue. Apple's gross margin for its fourth quarter was a healthy 28.7 percent, but the Q4 earnings reflect one-time gains from restructuring and seemingly perpetual sales of shares in ARM Holdings plc.; without these, Apple's net profit would have been $90 million. International sales accounted for only 35 percent of Apple's revenues this quarter. Although Apple's results technically beat analysts' expectations - after issuing a warning a few weeks earlier to reduce those expectations - Apple attributes the revenue slump to costs associated with product transitions and limited availability of the PowerPC G4 processor from Motorola. Rampant rumors of new systems were another factor, causing some customers to put off purchasing decisions. Apple says it expects a strong December quarter. [GD]

<http://www.apple.com/pr/library/1999/oct/ 13q4results.html>
<http://www.apple.com/pr/library/1999/sept/ 20q4earn.html>

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Apple Posts $183 Million Profit -- Apple Computer posted a $183 million profit for its first fiscal quarter of 2000. Apple's unit shipments were up 46 percent compared to the same quarter a year ago: Apple sold nearly 1.4 million systems during the quarter (including 700,000 iMacs and 235,000 iBooks) and 51 percent of those sales were to international customersShow full article

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Apple Posts $183 Million Profit -- Apple Computer posted a $183 million profit for its first fiscal quarter of 2000. Apple's unit shipments were up 46 percent compared to the same quarter a year ago: Apple sold nearly 1.4 million systems during the quarter (including 700,000 iMacs and 235,000 iBooks) and 51 percent of those sales were to international customers. Apple has $3.6 billion in cash and short term investments, and ended the quarter with less than one day of inventory on hand. Although these numbers are quite healthy, they would have been $178 million without some mammoth one-time events. Apple sold five million shares of ARM Holdings for a total gain of $101 million, took a net restructuring charge of $6 million, and allotted $90 million dollars in "executive compensation" for turnaround-leader Steve Jobs, who was given his own Gulfstream V jet and options to buy 10 million shares of Apple stock. That's not bad pay for a part-time job. [GD]

<http://www.apple.com/pr/library/2000/jan/ 19q1results.html>

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