Apple losses could continue beyond Q4, SEC filing says

Apple Computer 's losses could potentially continue beyond its fiscal fourth quarter, according to the company's filing with the US Securities and Exchange Commission (SEC) this week. But the company insists the the filing, which traditionally represents the most pessimistic view of a company's prospects, does not represent a change in Apple's goals.

Apple Computer 's losses could potentially continue beyond its fiscal fourth quarter, according to the company's filing with the US Securities and Exchange Commission (SEC) this week.

The company has said that its goal is to return to profitability in its fiscal fourth quarter, which ends Sept. 30. In its 10-Q filing with the SEC, however, Apple indicated that it "expects that it will not return to profitability until at least the fourth quarter of 1997, if not later."

A company official says the statement in its 10-Q filing does not represent a change in Apple's goals.

"We are required to enumerate in the 10-Q potential risks that could affect financial results, and should some of those risks materialise, the timing of our return to profitability could be delayed," says Katie Cotton.

Potential factors that could affect Apple's future performance include its success at integrating Next Software Inc.'s technology, as well as the timeliness of its delivery of Mac OS enhancements and the next version of the Mac OS, according to the 10-Q.

Apple does not make specific financial forecasts, Cotton said, "but we believe we're on the right track to achieving our goal of profitability in [fiscal] Q4 1997."

Join the newsletter!

Error: Please check your email address.
Show Comments

Market Place

[]