Morgan analyst Daniel Kunstler lowered his second-quarter estimates to earnings of 6 cents a share and $1.35 billion in revenue from 11 cents and $1.45 billion. Several financial analysts on Thursday lowered their expectations for Apple's 2002 second fiscal quarter, which ends March 31, in response to the price increase and news on units shipped. ![]() "That would certainly get them closer to clearing away the backlog."Īs of Monday, distributor Ingram Micro had a backlog on some Macs going out to June. "They said they're producing about 5,000 iMacs a day," said IDC analyst Roger Kay. That means the company must plow through its backlog and ship about another 100,000 new iMacs in the last two weeks of the quarter to meet many financial analysts' projections for the trend-setting computer, which joins a flat-panel display to a half-dome base with a pivoting arm. PST on Wednesday.Īpple also gave an accounting of iMac shipments-about 125,000 units to date. Jobs delivered the news during his Macworld Tokyo keynote address, which started around 4:30 p.m. "Our costs have tripled since January on memory," said Greg Joswak, senior director of hardware product marketing at Apple. Memory prices have also been on a rare upward trajectory after selling at or below cost for substantial periods in 2001. ![]() Liquid-crystal display (LCD) panels are in short supply, causing prices to spike after more than a year of declines and contributing to a backlog of new iMac orders. Apple jacked up the price on all three iMac models in response to rising component costs. Mac enthusiasts and analysts generally responded negatively to word that Apple would raise the price of its hot-selling flat-panel iMac by $100. If Apple Computer CEO Steve Jobs was looking for a good place to deliver bad news, Tokyo may have been just far enough away from the company's California headquarters.
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