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Technology Stocks : Apple Inc.
AAPL 271.37+0.5%2:35 PM EST
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To: David Semoreson who wrote (386)10/17/1996 9:20:00 PM
From: cfimx   of 213184
 
1996 1995 1996 1995
(Unaudited) (Unaudited)
Net sales $2,321 $3,003 $9,833 $11,062
Costs and expenses:
Cost of sales 1,810 2,382 8,865 8,204
Research and development 146 171 604 614

David, get your hp out and check the %change from 171 to 146. Mine came up with 14.62% reduction. The recent quarter is more reflective of the cuts aapl is making in their business. That is a machete when you are in a growth industry. PCs are still a growth industry, right guys?
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