2 Guys, a Mac, and a Website - The Evolution of the Web - Apple Posts First Quarter Loss of $8 Million
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 Apple Posts First Quarter Loss of $8 Million
Apple today announced their First Quarter results revealing an $8 Million dollar net loss. As CBS Marketwatch noted, "Net loss came to 2 cents a share on revenue of $1.47 billion". They also noted some other numbers and some stuff about profits and taxes and other things.

From what I can gather it seems as if Apple sold a whole lot of computers, but they spent more than they made. Keep in mind, this report is fairly early, and I haven't had much time to analyze the data, so this may be prone to error. What I CAN say definitively is that money is good and that Apple has a bunch of it.

My unproven and unsound financial advice would be to buy some Apple stock and then buy a few thousand computers from Apple. The money you put in the stocks is bound to go up. Besides, I think I heard somewhere that this is the worst economy since the Great Depression, and Apple's programmer's aren't living on the street and eating show leather.

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January 15 2003, 8:37 PM EDT, by




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