In addition to Rex's article from yesterday... By Carolyn Pritchard, CBS MarketWatch.com Last Update: 8:38 PM ET July 1, 2004
SAN FRANCISCO (CBS.MW) - Apple Computer shares fell 6 percent in Thursday's after-hours trading session after the company said it was delaying its new iMac until September, missing the important back-to-school shopping season. Apple (AAPL: news, chart, profile) also said it had stopped taking orders for the current iMac models. Shares of the computer maker fell to $30.40 in late trade, down $1.90. "We planned to have our next generation iMac ready by the time the inventory of current iMac runs out in the next few weeks," the company said in a statement posted on its Apple store Web site. "But our planning was obviously less than perfect." The Cupertino, Calif.-based company was widely expected to launch a new version of the iMac at a technology conference this week, but it came to the World Wide Developers Conference empty-handed for observers who had hoped to see another big announcement in the keynote address by co-founder Steve Jobs. In fiscal 2003, iMac net sales fell to 1.1 million units and $1.24 billion, from 1.3 million units and $1.45 million in 2002. With total net sales of $6.21 billion in 2003, iMac sales accounted for 20 percent of Apple's revenue. Jeff Slyn, Owner SLYN Systems & Peripherals (502) 426-5469 serving Kentuckiana clients 7 days a week since 1985! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://www.math.louisville.edu/pipermail/macgroup/attachments/20040702/877b1e88/attachment.html
