Apple CEO Tim Cook characterized its earnings results as “very strong,” being near the high end of its forecast range for its fourth fiscal quarter.It reported gross revenues of $46.85 billion, down approximately 9 percent from the year before, though up 11 percent sequentially. Operating income fell by 20 percent to $11.76 billion while net income declined 19 percent to $9.01 billion. Annual net revenue slid 10 percent to $84.26 billion — the first time in 15 years. Net income fell 14.5 ...
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from Pocketnow http://pocketnow.com/2016/10/25/apple-4q16-earnings
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