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February 11, 1997updated 05 Sep 2016 12:51pm

NEXT, MORE BAD NEWS FOR APPLE

By CBR Staff Writer

Following news that its Next Software Inc acquisition will cost it at least $30m more than the $400m it had originally expected to pay, Apple Computer Inc now says it expects it says its second quarter loss to be substantial. Most of the loss will stem from the charge Apple will take to pay for Next. The company has already said it won’t return to profitability until the fourth quarter of 1997 – calendar third quarter – at the earliest (CI No 3,090). Apple made the announcement after the markets closed. Its shares closed down 18.75 cents on the day at $15.87.

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