Apple and Facebook's Staggering Results Aren't Sustainable
A The problem with posting blowout numbers is that it raises the obvious follow-up question: Can you top this? For Apple and Facebook, the answer may be no, or not anytime soon. On Wednesday, the two tech giants showed the strength of their money-making prowess, with Apple Inc. reporting quarterly revenue of $89.6 billion in the three months ended in March, up 54% from a year earlier and exceeding the $77.3 billion Bloomberg consensus. Facebook Inc. generated sales of $26.2 billion in the period, an increase of 48% from last year that handily beat the $23.7 billion average analyst estima...