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Fri, Jan 17, 2003 - Page 12 News List

Apple has first-quarter loss of US$8m

COMPUTERS The US-based manufacturer has had two consecutive quarterly losses after the company increased R&D spending by 7 percent in an effort to increase sales

BLOOMBERG , CUPERTINO, CALIFORNIA

Apple shipped 743,000 new computers in the first quarter, down 3,000 from a year earlier. Shipments of iMac models rose 28 percent, boosted by the release of the eMac computer for classrooms and a flat-screened iMac. Sales of iBook portable PCs rose 1 percent, while the Power Mac G4 line computers, including server models, dropped 25 percent from a year ago.

"We believe the sluggish economy continues to have a very negative impact on many of our creative professional customers and our G4 sales in turn," he said.

Apple sold 216,000 iPod digital music players during the first quarter, more that half of which were models equipped with software that works with Microsoft Corp's Windows operating system.

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