"...Apple announced Tuesday it will have even further losses than originally expected in its fiscal first quarter of between $225 and $250 million on revenue of $1 billion -- some $600 million below its original forecast. Apple CEO Steve Jobs also admitted the company had not come to market quick enough with faster G4 processors and "missed the boat" on CD read/write drives.
Jobs said Cube sales have stabilized, but are still below original expectations. Jobs went on to say the company "completely missed the boat on CD read/write drives. "We just blew this one," Jobs commented. "It will be fixed soon," referring to the addition of CD-R/RW expected in new Macs next year..."