美国行业投资策略分析(英文版)(pdf 63页)

The largest private institution of higher learning in the United States.
      In the field of higher education for working adults, Apollo Group is a recognized leader and innovator. Apollo Group, Inc., operates through its subsidiaries, the University of Phoenix, Inc., the Institute for Professional Development, the College for Financial Planning Institutes Corporation, and Western International University, Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States. It offers educational programs and services at 160 campuses and learning centers in 36 states; Puerto Rico; and Vancouver, British Columbia. Combined degree enrollment was 124,800 students as of August 31, 2001.
     The horrendous attacks of September 11th shocked and devastated all of America and most of the world. To the family and friends of those most victimized, we at Apollo Group express our deepest sympathy.
      No company is immune to the impact this terrorism has had and will continue to have on United States society. It is not yet clear how Apollo Group will be affected in the long run, but our near-term performance indicates that the impact will probably be minimal. As of this writing, Apollo Group, especially University of Phoenix and University of Phoenix Online, remain the higher education leaders in both classroom and online delivery.
     Over the years, hundreds of colleges and universities have competed with Apollo by offering programs that incorporate various aspects of Apollo‘s instructional systems. Most recently they are offering courses and degree programs using Internet and Web technologies that are designed to compete directly with University of Phoenix Online. Because all but a handful of these online programs are being offered by public and non-profit institutions, they can operate at a loss. Nevertheless, they have yet to pose a serious competitive threat to University of Phoenix Online.
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