At the Salomon Smith Barney Tech2001 Conference today, Apple CFO Fred Anderson said the company is on track with its earnings estimate for this quarter. Anderson also called Apple a “cash machine,” noting that its cash reserves have grown by US$200 million during 2001 to more than $4.2 billion. Anderson also reaffirmed that Apple’s retail stores will be profitable next year, and should be breaking even by the end of December.
