Apple Sees Core Biz Off, No Profits

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Apple Computer

(AAPL) - Get Report

was down 17.7% in after-hours

Island

trading after it warned that the first quarter would be its "first non-profitable quarter" in three years. Apple said revenue for the quarter would total $1 billion and, for 2001, $6 billiion to $6.5 billion, both below Street estimates. The company cited lower-than-expected computer sales and discounted prices.