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Apple expects flat profits in the current quarter.

November 07, 1986

Executives of the personal computer maker also told a security analysts meeting in New York that during the second quarter of 1987, which begins in late December, the cost of bringing new products to the market will put pressure on its earnings. However, the company said it expects profits to increase for the entire fiscal 1987 on the strength of a 20% surge in sales.

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