Apple today revised its guidance for the financial quarter ending this June. The company anticipates seeing revenues of US$1.4 to $1.45 billion for the quarter, down from previous guidance of about $1.6 billion.
The company cited soft demand in the consumer and creative markets as reasons for the low numbers. Europe and Japan have been particularly weak, according to Apple.
If there’s a silver lining here, it’s that Apple remains profitable despite the shortfall. Apple has revised earnings guidance to $.08 to $.10 per diluted share, compared to $.11 previously suggested.
Apple CEO Steve Jobs noted that like others in the computer industry, Apple is experiencing a slowdown. “We’ve got some amazing new products in development, so we’re excited about the year ahead,” said Jobs. “As one of the few companies currently making a profit in the PC business, we remain very optimistic about Apple’s prospects for long-term growth.”