Apple growing leaner, not only in users count
C|Net | at | by Mike
Apple Computer laid off 180 employees in its fourth fiscal quarter and said that it's facing increasing pressure in the education market, according to a Securities and Exchange Commission filing. Many of the job cuts resulted from the Mac maker's acquisition of software developer PowerSchool, according to a regulatory document filed with the SEC and released on Thursday.
Meanwhile, the Cupertino, Calif.-based company has struggled in the education market, it said. Sales to K-12 and university customers fell to 21 percent of its total revenue in fiscal 2002, down from 26 percent of revenue in fiscal 2001, the document said. Apple's fiscal year ends in September. Macintosh unit sales to the education market dropped 14 percent from fiscal 2001 to fiscal 2002.