Wednesday, July 24, 2013

Apple's Growth Engine Splutters


Apple said its revenue rose 1% year-on-year in the quarter ending June 29 to 35.3 billion US dollars, fuelled by a 15% rise in iPhone revenues. However, iPad revenues fell 27%. Apple said it expects revenue in the current quarter to be between 34 billion and 37 billion dollars, compared with just under 36 billion dollars in the same quarter of 2012. source: Apple statement

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