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Technology Stocks : Apple Inc.
AAPL 278.85+0.5%Nov 28 9:30 AM EST
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To: David R. Colby who wrote (2511)6/13/1997 1:36:00 PM
From: Craig Stein   of 213173
 
:::APPLE UPDATE:::

I read the following blurb from MacInsider's news report today:

"According to a reliable source, Apple has met 95% of their projected quota for revenues in the third quarter. We have been told that Apple will report a loss this quarter and does not expect to return to profitability until October."

Question is how much will the loss be? For example, if their break-even point is $1.8 billion (I'm not sure this is correct), then 5% of that equals a $90 million loss. This is short of the $120-150 million range some analysts are expecting.
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