Trouble at Apple — No More iMacs

CUPERTINO, Calif. — Ouch! Major slip-up at Apple Computer Inc.

The company said Friday that it has run out of iMacs.

In a statement, Apple said it had stopped taking orders for the current generation of iMacs and expects its inventory of these machines to run out in the next few weeks.

It also said that its new version of the iMac won't be ready until September, two months later than planned. Many industry experts expected Apple to unveil a new iMac at its worldwide developer conference in San Francisco this week.

"We planned to have our next generation iMac ready by [this] time. ... But our planning was obviously less than perfect," Apple said in a press release. "We apologize for any inconvenience to our customers."

The error in planning comes at a particularly bad time for the Cupertino, Calif., computer maker, because it means Apple won't have a current model for its core markets — schools and universities at the beginning of the back-to-school shopping season.

Overall sales are likely to suffer, because Apple won't have a consumer-oriented desktop computer available for much of the current quarter, which ends in late September.

The delay is another problem for Apple's computer division, which steadily has been losing market share. Apple sold just 1.7 percent of the world's personal computers in the first quarter, down from 2 percent in the first quarter of 2001.

In the first quarter of this year, Apple shipped 217,000 iMacs, down 15 percent from 256,000 units in the same quarter a year earlier.

In reaction to the news, Apple shares dropped significantly Friday, sinking $1.24, or 3.8 percent, to $31.06 in midday trading on the Nasdaq Stock Market.

Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

BranditScan Rolls Out 2 New Platform Features

BranditScan has introduced its new Traffic Optimization and Doxing Protection features for creators.

NMG Management Partners With Cosplayground to Scale Distribution

NMG Management has partnered with Cosplayground to expand the studio’s digital distribution and licensing operations.

Dreamcam Rolls Out 'Voice Translator AI'

Dreamcam has introduced a Voice Translator AI to its livestreaming platform.

UK Government May Limit 'Step' Porn Ban With New Amendments

The U.K. Ministry of Justice on Friday revealed new government amendments to the pending Crime and Policing Bill, potentially limiting a pending ban on “step” content to apply only if adult performers role-play as minors.

Arizona Senate Removes 'Catch-22' Provision From Consent Bill

The Arizona State Senate has amended a bill that would impose new requirements for adult content uploaded online, removing a seemingly contradictory provision that could have effectively made it impossible for adult sites to operate in the state.

Climaxx Media Launches Networking Platform

Climaxx Media has officially launched its new networking platform.

Italian Court in Aylo Case Limits International Reach of AV Rules

An Italian administrative court has ruled that Italy’s recently-enacted age verification rules for adult content may not currently be enforced against sites based in other EU member states, pending further procedural action under the EU’s Directive on Electronic Commerce.

OCC, FDIC Prohibit Use of 'Reputation Risk' by Regulators

The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) on Tuesday issued a final rule codifying the elimination of ‘reputation risk’ as a criterion in their supervision of financial institutions.

Wisconsin Governor Vetoes Age Verification Bill

Gov. Tony Evers on Friday vetoed AB 105, an age verification bill that would have allowed anyone to sue adult content providers for damages over alleged failure to age-verify users in Wisconsin, with penalties of up to $10,000 per violation.

FSC Releases Statement on Wisconsin Governor Vetoing AV Bill

The Free Speech Coalition has released a statement on Wisconsin Governor Tony Evers' veto of the state's age verification legislation.

Show More