Apple posts loss of $45 million
Apple today posted a fourth-quarter net loss of US$45 million, or $.13 per share on revenues of $1.44 billion. This compares to a net profit of $66 million, or $.19 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.44 billion, flat with the year ago quarter, and gross margins were 26.4 percent, down from 30.1 percent in the year-ago quarter.
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