Apple Earnings: AAPL Reports Disappointing Third-Quarter Earnings

Apple Inc. (AAPL), the world's largest company by market capitalization, announced its third-quarter profit on Tuesday that disappointed analysts, who were expecting more from the maker of the phenomenally successful iPad and iPhone. The company said profit rose to $8.8 billion from $7.3 billion a year ago, and $35 billion in revenue. Apple sold 26 million iPhones, up 28 percent over the last year, 4 million Mac computers, a 2 percent jump, and 17 million iPads, an increase of 84 percent. The...Full Story
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