MobileRead Forums - View Single Post - Apple Profit Falls Despite Strong iPhone Sales

frahse · 10-28-2013, 08:27 PM

Justin Sullivan/Getty
NY Times

Apple customers at a store in Palo Alto, Calif. Following the release of two new iPhones, Apple will release two new iPads in November.
By BRIAN X. CHEN
Published: October 28, 2013

SAN FRANCISCO — Unlike past years, Apple in September released two new iPhones instead of just one. The company’s financial earnings report on Monday offered the first hints that the new strategy might result in stronger overall revenue. Apple on Monday reported revenue of $37.5 billion in the latest quarter, up from $36 billion in the same quarter a year ago.

Still, the two phones did not help lift the company’s profit. Apple earned $7.5 billion, or $8.26 cents a diluted share in the latest quarter, down from $8.2 billion, or $8.67 a diluted share during the same quarter last year.

more--

http://www.nytimes.com/2013/10/29/te...onal-home&_r=0

Does this mean we should reconsider our Apple Stock?

10-28-2013, 08:27 PM	#1
frahse occasional author Posts: 2,315 Karma: 2064403292 Join Date: Sep 2011 Location: Wandering God's glorious hills, valleys and plains. Device: A Franklin BI (before Internet) was the first. I still have it.	Apple Profit Falls Despite Strong iPhone Sales Justin Sullivan/Getty NY Times Apple customers at a store in Palo Alto, Calif. Following the release of two new iPhones, Apple will release two new iPads in November. By BRIAN X. CHEN Published: October 28, 2013 SAN FRANCISCO — Unlike past years, Apple in September released two new iPhones instead of just one. The company’s financial earnings report on Monday offered the first hints that the new strategy might result in stronger overall revenue. Apple on Monday reported revenue of $37.5 billion in the latest quarter, up from $36 billion in the same quarter a year ago. Still, the two phones did not help lift the company’s profit. Apple earned $7.5 billion, or $8.26 cents a diluted share in the latest quarter, down from $8.2 billion, or $8.67 a diluted share during the same quarter last year. more-- http://www.nytimes.com/2013/10/29/te...onal-home&_r=0 Does this mean we should reconsider our Apple Stock?