Exclusive: Jobs bucks up Apple staff

Embarrassed Jobs apologises to staff over poor results

Apple chief Steve Jobs on Wednesday addressed employees of the struggling Mac maker in a closed-door, all-hands "communications meeting" convened to discuss Apple's recent warning of a substantial loss for the first fiscal quarter.

According to sources at the short gathering on Apple's Cupertino, California, campus, a contrite Jobs expressed embarrassment over the poor results, which Apple on Tuesday predicted will result in a loss of up to $250m for the quarter ending 30 December.

Jobs echoed the prescription for recovery that he and Apple chief financial officer Fred Anderson had spelled out to analysts during a Tuesday conference call and hinted about some new products in the pipeline for the coming months.

Full story to follow.

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