Apple Reports Q1 Loss

Amsterdam Vallon writes "Apple recently reported an $8 million loss, its second straight loss, compared with a $38 million profit a year ago. It seems that upbeat laptop sales weren't enough to get this company out of the Wall Street basement. Hopefully, with increasing Mac OS X and wireless-related sales, we'll see a nice increase come next quarter and after that, perhaps a jaunt toward profitability!" The back was apparently tipped into the red with one-time restructuring losses, else there would have been a modest profit; Apple expects stagnant revenues for the near future.