Apple has published its third-quarter figures for fiscal year 2016 and, like last quarter, they are not good.It made $42.4 billion in sales revenue, a 15 percent decline year-on-year. The number is on the upper end of Apple’s target range and about what Wall Street expected. Expenses were up, but on the lower end of expectations. Still, operating income crashed by more than 28 percent to $10.1 billion. Net income was down a similar proportion to just under $7.8 billion.Product sales slipped again ...
The post Apple earnings on the upper end of estimates, but forecast is still bleak appeared first on Pocketnow.
from Pocketnow http://pocketnow.com/2016/07/26/apple-earnings-q3-2016
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