AI
Wednesday, October 16, 2002 5:11:14 PM
Apple cautious on holidays, sees new Mac users
Wednesday October 16, 5:04 pm ET
SAN FRANCISCO, Oct 16 (Reuters) - Apple Computer Inc.(NasdaqNM:AAPL - News) does not expect strong holiday sales for the PC industry, although it expects to do better than its competitors, Chief Financial Officer Fred Anderson said on Wednesday.
"Given the uncertain environment out there, I don't think anyone should be optimistic about the holiday season," Anderson said in a telephone interview.
He said Apple held its share in the education market in its fiscal fourth quarter and that the weak market had not deteriorated further in the quarter.
He also said that Apple had seen some success in its retail stores, winning users of its Microsoft Corp.(NasdaqNM:MSFT - News) Windows-powered computers to its Macintosh line.
Apple-owned retail store sales rose to $102 million in the quarter from $63 million the previous quarter, and 40 percent of the Macintoshes, measured by processors, were bought by users new to the Mac platform, he said.
http://biz.yahoo.com/rc/021016/tech_apple_holidays_1.html
Wednesday October 16, 5:04 pm ET
SAN FRANCISCO, Oct 16 (Reuters) - Apple Computer Inc.(NasdaqNM:AAPL - News) does not expect strong holiday sales for the PC industry, although it expects to do better than its competitors, Chief Financial Officer Fred Anderson said on Wednesday.
"Given the uncertain environment out there, I don't think anyone should be optimistic about the holiday season," Anderson said in a telephone interview.
He said Apple held its share in the education market in its fiscal fourth quarter and that the weak market had not deteriorated further in the quarter.
He also said that Apple had seen some success in its retail stores, winning users of its Microsoft Corp.(NasdaqNM:MSFT - News) Windows-powered computers to its Macintosh line.
Apple-owned retail store sales rose to $102 million in the quarter from $63 million the previous quarter, and 40 percent of the Macintoshes, measured by processors, were bought by users new to the Mac platform, he said.
http://biz.yahoo.com/rc/021016/tech_apple_holidays_1.html
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
