Tuesday 18 October 2011

After weak quarter, Apple CEO sees record profit ahead

Apple on Tuesday let down Wall Street on earnings as iPhone sales came up short of forecasts. The Cupertino, Calif., company reported fourth-quarter net income of $6.6 billion, or $7.05 a share, compared with net income of $4.3 billion, or $4.64 a share, a year ago. Revenue climbed 39% to $28.3 ...


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