Apple gets bitten by sales slump

The PC maker shakes Wall Street with a warning that earnings and revenue will fall under views, just the latest example of trouble in the volatile sector.

CNET News staff
2 min read

Earnings warning the latest to shock PC industry

By CNET News.com Staff
September 29, 2000, 2:30 p.m. PT

The computer maker issues a grim profit warning, saying sales in its fourth quarter will fall "substantially below expectations." Soured by the news, investors send shares down sharply.

Apple profit warning bruises markets
update The U.S markets receive a major drubbing after an Apple Computer warning rekindles investor fears over lower corporate profits for the upcoming earnings season.

Apple becomes 8th most-traded stock in history
Panicked investors trade 132.4 million shares amid the company's biggest-ever single-day drop.

PC giant's market cap sliced in half
update Share price plummets following a warning that sales for the fourth quarter will fall below expectations on slower September sales.

More serious problems may lurk within
Although Apple has gained market share, it still sells a substantial number of new systems to its existing customer base.

Is this the end of PC prosperity?
news analysis Warnings from Intel and Apple point to an ugly reality for the technology industry: People aren't buying as many PCs as earlier projected.

Hell week: Warnings hit investors hard
In the past week alone, earnings warnings have slashed the share price of five well-known tech companies, erasing billions of dollars in market value.

Mac Cube: Is it all it's cracked up to be?
Apple Computer is fending off criticism its stylish Power Mac G4 Cube is marred by cracks. But are the hair-thin lines the defects they appear to be?


Intel warns revenue won't meet expectations
The chipmaker said revenue for the third quarter is likely to be only 3 percent to 5 percent higher than second-quarter revenue of $8.3 billion.

SCI's troubles compound PC market jitters
The contract manufacturer's stock falls after the company warns of weaker revenues from building PCs and consumer electronics.

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