Apple reported earnings of $35 Billion and profit of $8.8 Billion for the quarter today. Sales rose 24% and profit rose 21% compared to a year ago.
Gross margins increased to 42.8 percent. Apple's cash-in-hand increased to $117 Billion USD.
As a result of these very disappointing earnings, stocks fell over 6%.
Big iPad sales not enough to lift Apple past forecasts - Jul. 24, 2012
Is this the beginning of the end for Apple?
Gross margins increased to 42.8 percent. Apple's cash-in-hand increased to $117 Billion USD.
As a result of these very disappointing earnings, stocks fell over 6%.
Big iPad sales not enough to lift Apple past forecasts - Jul. 24, 2012
Is this the beginning of the end for Apple?