Handspring today reported a first-quarter loss of US$32 million, as revenues slumped to $61.4 million. The company blamed fierce competition, and the associated price cuts, as well as lackluster demand and a weak economy for its disappointing results. The company did meet its own revenue and expense targets, however. Macromedia, meanwhile, reported a second-quarter loss of $70.7 million on revenues of $87.1 million.
Read MoreTwo hours after announcing its fourth quarter results, shares of Apple are up $0.21 in after-hours trading. Apple narrowly edged the street’s estimates, but cautiously warned they expect revenue and earnings to drop next quarter, due to the continued turbulent worldwide economic conditions.
Read MoreWhile Apple reported a better-than-expected financial picture for the fiscal-fourth quarter, the real details are in the numbers of unit sold, revenue from each product family, and sales by geographic region.
Data from Apple indicates 827,000 Mac systems sold in the quarter (19% less than a year ago quarter), with the breakdown being 306,000 iMacs (32% less), 190,000 iBooks (81% more), 225,000 Power Macs (36% less) and 106,000 PowerBooks (6% less).
Apple’s fourth quarter conference call took place this afternoon. Highlights from the call follow:
Apple has reported earnings for its fiscal fourth quarter of $66 million ($65 million after one-time gains), or 19 cents per share, edging analyst estimates of 16 cents per share. Revenue for the quarter came in at $1.45 billion, which compares with an estimate of $1.5 billion. During the quarter, Apple shipped 850,000 Macs, and the company announced that iBook education sales tripled during the quarter.
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