October 17, 2001

Apple off by 61 percent in fourth quarter

Author: JT Smith

Apple's fourth quarter earnings reveal that the company is having yet another
one of its notorious patches of bad luck. Profit for the quarter fell by 61
percent and the computer maker said it may not be able to meet estimates for its
fourth quarter profit. Net income was $66 million (0.19/share), compared with
last year's $170 million (0.47/share). Sales were down 22 percent to 1.45
billion from 1.87 billion. AAPL closed down 1.02 to 16.99 in regular U.S.
trading. Bloomberg.

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