Apple Reports $8 Million Loss

This afternoon Apple Chief Financial Officer Fred Anderson held a press conference to discuss Apple's financial results for its fiscal 2003 first quarter that ended December 28. He said that iMac, iBook and PowerBook sales were solid, but that the Power Mac pro lineup remained the weak point in the company's lineup. He also gave some indications as to what the company expects in the months ahead.

The company lost US$8 million, but sales and revenues were actually up. During the quarter Apple sold 298,000 consumer desktops, including 134,000 flat-panel iMacs, 106,000 eMacs, with the remainder being the older G3 iMacs. iBook sales were stimulated by the November revamping of the consumer laptop , including the $999 model. The iBooks accounted for one-third of Apple's computer sales in the education market.

You can read the full article at MacCentral.

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