Apple agony continues with $708m loss

Apple yesterday expressed hopes its financial torment has reached the basement after announcing more stinging losses.

The Californian company made a $708 million net loss, incorporating a $186 million operating loss. Revenues were down from $2.2 billion to $1.6 billion.

"The worst is behind us," said Gil Amelio, chairman and CEO. Amelio added that he still hopes to make the firm profitable again within two quarters.

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
See All
See All