Apple: "sales shortfall" to cause Q1 loss
updated 04:40 pm EST, Tue December 5, 2000
Apple today announced a "sales shortfall" that will result in the company's first unprofitable quarter in more than 3 years. In the quarter ending December 2000, Apple says it expcts to post a net loss of $225-$250 million on lowered revenues of $1 billion. The company attributed the $600 million revenue shortfall to lower sales across all geographies, unplanned sales promotions, and cancellation charges for reduced component purchases. We have a few details from the conference call with analysts that took place this evening, where Steve Jobs and Fred Anderson were upbeat about the company's prospects next year.
