Apple Delivers Lackluster Performance
Earlier this month, Apple (Nasdaq: AAPL) announced its fourth quarter results that failed to truly impress the market. Its sales fell for the fourth consecutive quarter. Its stock fell 3% in the after-hours trading session after Apple suggested that it may not return to growth in the holiday quarter. Apple's Financials Apple's fourth quarter revenues fell 1% to $89.5 billion, ahead of the market's forecast of $89.3 billion. EPS of $1.46, was also ahead of the Street's forecast of $1.39. By segment, iPhone revenues grew 2% to $43.81 billion, and were in line with the market&...
Source: sramanamitra.com
