KQEH Nightly Business Report January 27, 2016
We begin tonight with earnings from apple. The worlds most valuable company and most widely held stock and mutual funds reported the slowest pace of growth for iphones since they were introduced. The dow component is forecasting revenue in the Current Quarter will decline at the steepest rate in 15 years. Apple earned 3. 28 for the quarter. Revenue increased from a year ago but came in below expectations. As for the shares, they were initially lower after the report. Josh lipton spoke with tim cook a short time ago and has the key take away from the report. The big number to watch in apples la...