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Canadian By Choice
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No big deal. Without the extra charges in restructuring, there would have been a small profit and cash is up to $4.4 billion despite several acquisitions over the past year. I can see why Jobs is betting on portables though since the G4 and the iBook were the only products with increased shipments in the quarter. Probably be true in the next quarter unless there are some compelling revamps of the desktops. The operating margin on sales is way down though, which is weird because laptops usually have high margins. Must have been giving some significant discounts to somebody (schools?).

No doubt the stupid papers will call Apple doomed and beleaguered yet again. Yawn.
 

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8 million? Considering how much they lost in the dark days, this is piddly... I think its just a small thing and that it'll balance out... wait for the line up of Macs to be finished... (I'm meaning the new stuff released @ MacWorld to be brought to the rest of the family)
 

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8? That's it? Dude, CEOs like Jobs have 8 million in their wallets. That is so nothing. I'm bummed that I missed any kind of report like on Squawk Box! Anyhow, this new lineup is hot. Bottom line. ;)
 

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No worry, quote: "We're not going to mortgage the future for short-term profit maximization," Chief Financial Officer Fred Anderson said on a conference call. "We have an incredibly strong pipeline of products coming." Not to mention they are likely to continue to spend their way out of this "downturn". You know, now is the time to snap up companies and technology while they're cheap.
 

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WHY WHY WHY!
Everytime Apple loses money, even just a bit, everybody jumps all over them, take a look at the top headlines at macsurfer.com
Apple losing money, apple lost this much, blah blah blah
Were were all these people when Apple was the only company posting profits after Sept 11?
They make money and nobody reports on it, they lose $10 and all of a sudden Apple's going under, their future is looking shakey
BAH HUMBUM!
 

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Apple has long been a favourite kick-dog of the media. Certainly in the darkened days of mid '90's they were bleeding red ink everywhere. But there isn't such a problem today.

As Mac users can blatantly see, Apple is doing quite well.

However, the media is a monsterous beast that thrives on negativity. And Apple losing 8 million (hell, Steve Jobs losing a quarter under the couch) will have the naysayers speaking doom and gloom.

A great example is the impending article from Mathew Ingram from the Globe & Mail. It seems apparent to me he is completely oblivious to what is going on with Apple.

Completely.
 

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Ingram's article is now on line. What a piece of garbage. I emailed him prior to it being posted in a vein attempt to correct the glaring misconception. Another sheep......

"Apple Computer can never manage to live up to the hype that precedes a major computer show, since Macolytes inevitably spin themselves into a frenzy of wishful thinking, convinced that Steve Jobs will display a faster-than-light warp drive or something similar. It's probably safe to say, however, that the news at Macworld this year was even more disappointing than usual ? and so was the company's latest quarter.

Among the rumours percolating through the Apple community leading up to the Mac show last week was speculation that Mr. Jobs would announce a new version of its successful iPod personal audio player, one that would play video clips and other multimedia as well as digital music files. There was also talk that the company might launch a version of the iPod or a similar device that would support wireless networking.

Either one or both of those would have made for a natural extension of the brand Apple has built with the iPod, which despite its relatively high cost has become one of the hottest (or coolest) media players around. But Apple didn't announce anything of the kind. Instead, it launched two new laptops ? one a very small extension of the PowerBook line, and the second a much larger extension of the PowerBook line.

Someone else announced a portable iPod style digital music and video player, however ? Microsoft. At the Consumer Electronic Show, Microsoft said a number of vendors would be coming out with media players that would hold between 5 gigabytes and 20 gigabytes and have video screens for playing movie clips. The company also said it was launching a watch that would be able to receive digital information over an FM radio frequency network.

Apple also made several software-related announcements, including new versions of iTunes, iPhoto and iMovie, as well as a new Web browser for the Mac called Safari, designed to compete with Microsoft's Internet Explorer and AOL Time Warner's Netscape. And Mr. Jobs made his presentation using another new software product ? a multimedia presentation program called Keynote that is similar to Microsoft's PowerPoint.

There were other announcements as well, including an update to the AirPort wireless unit that supports the faster 802.11g standard, and a snowboarding jacket that will store an iPod, with built-in headphones and volume buttons on the sleeve. Cool? Definitely. But when it comes to earth-moving products that might drive revenue or profit growth for Apple in the near to medium term, Macworld had very little to offer.

That's too bad, because the company Steve Jobs rescued from almost certain death with dramatic successes such as the iMac, the iBook and iPod could really use something substantial. In its first quarter ? a period that is traditionally strong for computer makers, including Apple ? the Cupertino, Calif.-based PC maker had a net loss of 2 cents a share on sales of $1.5-billion, sales that were lower than analysts expected.

While the company would have made 3 cents a share if not for several one-time charges, that is still just $11-million on sales of $1.5-billion, a return of .7 per cent (Apple made $38-million in the same quarter of 2001, which still works out to a return of less than 3 per cent). Shipments were flat overall in the quarter, and Apple said it expects shipments in the first quarter to also show little or no growth ? higher sales of some newer products are only serving to offset lower sales of older ones.

A 17-inch PowerBook is certain to appeal to many, and so is the much-smaller version, but neither is an obvious home run in the making. And while the iPod has sold extremely well, with more than 400,000 units shipped, that was what drove sales in 2001 and 2002 ? and it has been overtaken by similarly featured but lower-priced units from other companies. As it cuts prices, meanwhile, Apple's profit margins get hammered.

What Apple needs is something to drive sales in 2003 and 2004, and it's not clear that a new large laptop and a new small laptop will do it, or upgraded versions of the iMac and iBook. As for the software announcements, while Keynote and Safari are nice additions to the Mac world, even the most devoted fan would have a hard time believing Apple can actually compete with PowerPoint or Internet Explorer at this point.

It's no surprise that the day before Steve Jobs's keynote speech, Merrill Lynch put out a "sell" recommendation on the stock, since it is selling for 50 times earnings estimates for this year, despite having fallen sharply over the past six months. With $4-billion in cash and little debt, Apple is certainly far from the oblivion it has flirted with in the past ? but it could still use a little more of that old Jobs magic."
 

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So Ingram drank the rumor site Cool-Aid on the video iPod? And Microsoft announced a video/mp3 player at CES? Even the PC press poo-pooed that. iPod is still head and shoulders better than the competition and we're two weeks into the year. As for Safari and Keynote not being competitive with IE and Powerpoint, that's a matter of opinion and misses the point of their launches entirely. The story of MWSF was the burning of the bridge to Microsoft. With the two aforementioned apps, the X11 beta and Open Office, Microsoft apps can be largely avoided without the user being cutt off from the mainstream. There are bugs and issues for sure, but Apple is impacting Microsoft. Why else would Redmond try to undercut the MPEG4 licensing fees? It takes a lot of straw to feed an elephant and all it produces is more shit than you can handle.....
 

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As Steve Jobs said... a more tragic event would be if the media started ignoring Apple. I think they get there share of positive media too.
 

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One thing I have learned from the car columnists and magazines is that there is usually a strong relationship between gettting junkets to (insert beautiful locale here) to try out the new (insert German auto maker here) and the reviews.

Bad review - poof, no more junkets
Good review - poof, "Guten tag, mein heir!" - more junkets

One should always keep at least one eye open for the hand behind the back with it's palm open waiting to be greased.

It happens a lot more than one would be led to believe.

I think that one could make a comparison between cars and computers and the reviewers thereof.
 

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MacDaddy wrote:
Everytime Apple loses money, even just a bit, everybody jumps all over them, take a look at the top headlines at macsurfer.com
Apple losing money, apple lost this much, blah blah blah


I'm more concerned with the fact that net sales seem to be stagnant (or down, if you look back far enough). If Apple loses a lot of marketshare, then you're going to have a hard time convincing developers to develop applications for it. Fewer applications means fewer people will want to buy a Mac, etc., etc.

Were were all these people when Apple was the only company posting profits after Sept 11?

Erm, other companies posted profits, too. Saying things like that just makes you look silly.
 
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