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Apple reports $45 million loss | |
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| Time: 10:37 EST/15:37 GMT | News Source: MacCentral | Posted By: Adrian Latinak | ||
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Apple today reported financial results for its fourth quarter ended September 28, 2002. For the quarter Apple posted a net loss of US$45 million or $0.13 per share. Apple had several non-recurring items that affected this quarters results including a write-down of certain equity investments totaling $49 million net of tax; a restructuring charge of $4 million net of tax; an in-process R&D charge of $1 million net of tax; and the reversal of a portion of a previous executive compensation expense resulting in a favorable impact of $2 million. | ||
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| #1 By 2332 (12.105.69.158) at 10/17/2002 11:53:54 AM |
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Out of all the players in the computer industry, I feel the most benevolent toward Apple. I truly feel sorry for the company.
They were once a great innovator. They produced great hardware, and great software. Now, they are just a shell of the company they once were. Jobs has turned them into a PR machine, not a computer company. They rely on pretty cases, not a quality product. They rely on past success, not innovation. With their last stronghold, the education market, gone, I suspect Apple computer won't be here 5 years from now. And I will miss them. |
| #2 By 442 (65.33.154.204) at 10/17/2002 12:34:13 PM |
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We've heard it all before. Apple's doomed...going out of business...blah, blah, blah. You people have been saying Apple would be gone in 5 years for the last 20 years. Get a clue, kids. Apple is here to stay for a LONG, LONG time. They are the only company left that really innovates.
Simple solutions for complex problems is what Apple provides. You should look into it... |
| #3 By 2960 (156.80.64.132) at 10/17/2002 12:40:58 PM |
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Yowsa!
I don't think this was expected! TL |
| #4 By 2960 (156.80.64.132) at 10/17/2002 12:43:45 PM |
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#2,
A loss does not mean poor. I just means a loss for that quarter. Apple has several Billion (that's billion with a B, for those who saw the movie) in the bank and no long-term dept. They are in a financial position that many tech companies can only dream about. That doesn't mean I don't think they have problems. Whoo-boy, don't even get me started on that :) TL |
| #5 By 2960 (156.80.64.132) at 10/17/2002 1:19:59 PM |
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Evil,
Percentage wise, yes. But I can think of a lot of companies that would LOVE to have 25 million plus voraciously loyal customers like they do! TL |
| #6 By 2960 (156.80.64.132) at 10/17/2002 1:21:14 PM |
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BTW... Anyone else notice that it seems ActiveWin has forgotten how to count today?
While there are 11 responses in here, the hit counter on the main page still shows 0 posts. TL |
| #7 By 2960 (156.80.64.132) at 10/17/2002 1:22:22 PM |
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LOL! Of course it's working now :)
And no, it wasn't a refresh problem on my end. May have been elsewhere though. And no, there are no Proxy servers involved. TL |
| #8 By 3653 (63.162.177.140) at 10/17/2002 2:16:37 PM |
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Nope, Apple isnt going to die anytime soon... but these losses (if they occur several quarters in a row) can affect their credit rating. Credit rating can go down regardless of whether they have Billions in the bank or not. And just because they have no debt, doesn't mean a credit rating isn't important to them. There are MANY mutual funds that have rules forbidding them from taking a position in a company with a credit rating below a certain amount.
And for those that still think Apple is an innovator... GIVE IT UP! This just isn't true anymore. iChat is their big addition to their OS and it is a mere 5 years behind other chat clients. And the hardware itself is WEAK. Its not like they invented the flat screen! |
| #9 By 135 (209.180.28.6) at 10/17/2002 2:50:37 PM |
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jaredbkt - I've said it before and I'll say it again.
I don't care. Apple is irrelevant to the computing market, unfortunately. It's been that way since around 1985. |
| #10 By 2960 (156.80.64.132) at 10/17/2002 3:50:15 PM |
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#15,
If they were so irrelevent, you'd still be typing commands in a DOS window and heavens knows what else... TL |
| #11 By 1845 (12.254.162.111) at 10/17/2002 4:40:11 PM |
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Great retort TL (#17). Historically you may be correct, but in the present, I don't see Apple as too much of a threat in the desktop market.
Apple as an inovator - yes Apple has new ideas, yes Microsoft has new ideas. Compared to Microsoft, Apple is a very, very small company. Microsoft has an insanely higher market share than Apple has. This doesn't make Apple not an inovator. It just makes Apple a smaller company. Steve Jobs. If Apple in the beginning was a real company and not a PR machine, I don't see why it should be so different now. More than anything else, I'd say the reason that Apple is still around and the reason it isn't a larger company than it is are both because of Jobs. He has done wonderful and foolish things for the company. |
| #12 By 1845 (12.254.162.111) at 10/17/2002 5:36:00 PM |
| ABM = Anything But Microsoft |
| #13 By 135 (209.180.28.6) at 10/17/2002 5:48:47 PM |
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#17 - As I said... Irrelevant since 1985.
I had a Commodore Amiga I purchased in 1987. The Amiga introduced multitasking, color graphics, stereo sound and multimedia to the home computer world. All of these are innovations that Apple has since stolen. Don't get me wrong... Commodore hasn't been relevant since about 1990. This post was edited by sodablue on Thursday, October 17, 2002 at 17:50. |
| #14 By 1845 (12.254.162.111) at 10/17/2002 6:10:33 PM |
| I think it is usually better to evaluate a product on its merits, rather than on the company that produced it. |
| #15 By 1868 (141.133.157.89) at 10/17/2002 6:21:39 PM |
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Time for Microsoft to invest(buy out) another 45 million dollars of Apple. Just think about MS making its own hardware line at the expense of Apple. I think it would be really cool if Apple's cool designs were adopted by an Intel based Microsoft computer line.
My 2cents. |
| #16 By 1845 (12.254.162.111) at 10/17/2002 7:14:02 PM |
| Like people too inept to go a buy bigger speakers. |
| #17 By 1845 (12.254.162.111) at 10/17/2002 8:53:41 PM |
| I remember the IIGS. Rather than "way to innovate" I think it is more like try to protect your proprietary system. Funny, when Microsoft employs that strategy, they get attacked. |
| #18 By 2960 (68.100.157.191) at 10/18/2002 10:06:19 AM |
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#19,
You give PC users a bad name, and it's posts just like yours that cause FAR more grief than any Mac user. And, for your information, I have 5 PC's and 2 Mac's at home. Your logic is not only flawed, but stoopid. TL |
| #19 By 2960 (68.100.157.191) at 10/18/2002 10:08:15 AM |
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#31,
The Apple GS is not the only computer that has used square pixels. FYI most every Mac made has also used square pixels, and it has never required a special monitor to do so. It is a function of the video circuitry, not the monitor (as far as CRT displays go). And, fyi... LCD's also use square pixels. Next! TL |
| #20 By 2960 (68.100.157.191) at 10/18/2002 10:15:58 AM |
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#18 (Bobsmith),
First, I'd like to say I hate Steve Jobs. A lot. I do not care for what he has done with Apple in regards to customer service and the utter destruction of the grass-roots reseller community that was once Apple. I have been a professional victim of this jerk more than once. I also don't care to defend Apple. Nor do I care to defend Microsoft. I call each shot as I see it, good or bad, regardless of the company. Both Apple and Microsoft are good, in certain ways. Both Apple and Microsoft suck, in certain ways :) As for the marketshare conversation, there's always one small part of it that never seems to come up. Two, actually.... First, marketshare is numbers used by investors and other people who care about such things. They are not a guiding factor to determine what computer someone should buy. A person should buy the machine that: a. They are most comfortable with. b. They like the best. c. Does the job they need to do. d. They can afford. That's what it really boils down to, and that's why I use both. I still prefer to do graphical work on the Mac. It's just more natural about it than the PC, to me (and many others). I prefer web browsing on the PC. Mozilla on the Mac is closing that Gap, but it's still more efficient on the PC. I also prefer to do most general office work on the PC. The other thing that is usually not referenced is the number of vendors involved. MacOS = 1. Windows = 500 OEM's. This is just an out-of-the-air estimate, but you can see what I'm getting at. If you think about it, one company (Apple) having exactly ONE oem (themselves) maintaining 3-5% of the marketshare in this wild world of PC's is kind of impressive! TL |
| #21 By 2960 (68.100.157.191) at 10/18/2002 10:18:08 AM |
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BobSmith Wrote:
" I think it is usually better to evaluate a product on its merits, rather than on the company that produced it." My goodness. Common sense! That ain't gonna fit in around here :) TL |
| #22 By 2960 (68.100.157.191) at 10/18/2002 10:21:04 AM |
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#26,
Do you honestly think 45 million would buy out Apple Computer Inc? Do you have any idea how big this company actually is ? I don't know what their market value is, but it's surely in the big BILLIONS. They have ~6 Billion a year in sales at margins that make every (yes, EVERY) other PC maker cry. They have an incredibly loyal user base. They have in excess of 2 Billion in cash in the bank, with NO long-term debt. 45 million wouldn't buy Steve Jobs toilet paper for the year. TL |
| #23 By 1845 (12.254.162.111) at 10/18/2002 2:09:31 PM |
| Market cap is about 6 Billion. Microsoft's is about 260 Billion. Microsoft is a lot bigger, but still, Apple is not a small company. |
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