Fred or Frederick Anderson may refer to: (wikipedia)
In light of September's disappointing sales and higher-than-planned ending channel inventories, we are resetting our revenue estimates for the December quarter to about $1.6 billion and are targeting a slight profit,
We remain focused on our primary goal of returning Apple to sustainable profitability,
We now expect that the slowdown in retail that everyone's experienced since the attack of Sept. 11 will result in our reporting a small loss for our retail stores for the December quarter rather than the break-even results we had previously expected,
Our cash position remains very strong at over $4 billion, and we are planning a return to sustained profitability beginning this quarter,
remains very strong, with over $4.3 billion in cash.
We still have a couple thousand people split between hardware and software. When you look back at the people that originally created the operating system, it was a small team. We've done creative things at Apple typically in small teams.
We are currently re-evaluating our plans going forward, and will provide lower growth targets for next quarter and the next fiscal year when we announce our final results on Oct. 18,
It will basically be the same package as we had before.
Strong demand for our professional products combined with superb operational efficiency resulted in very strong earnings. Apple finished the quarter with $3.6 billion in cash and short-term investments.
The consumer needs to show up for the holiday season for the personal computer industry to do well in the December quarter,