Apple posts net loss of $45 million
C|Net | at | by Mike
Apple Computer on Wednesday reported a fourth-quarter net loss after writing down the value of some investments and taking a $4 million restructuring charge. With the investment write-down, restructuring and other items, Apple posted a net loss of $45 million, or 13 cents per share, on revenue of $1.44 billion. That compares with a net profit of $66 million, or 19 cents per share, on revenue of $1.45 billion in the year-ago quarter. Excluding items, Apple met expecations with a profit of $7 million, or 2 cents per share. Analysts were expecting the company to post earnings of 2 cents a share, according to First Call. Revenue was expected to be about $1.435 billion.