Apple sags in latest quarter - 13 WTHR Indianapolis

Apple sags in latest quarter

Posted: Updated:
NEW YORK -

Shares of Apple dropped 5 percent in after-hours trading. Investors were reacting to its latest earnings report.

For both revenue and profit, Apple posted the smallest increases in years for the quarter. And it failed to meet analyst expectations.

Net income in the fiscal third quarter was $8.8 billion, or $9.32 per share. That was up 21 percent from $7.3 billion, or $7.79 per share, a year ago.

Sales, or revenue, came in at $35 billion. That's up 23 percent from a year earlier.

Apple sold 26 million iPhones in the quarter, at the low end of expectations. It sold 17 million iPads, beating forecasts.

(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Powered by WorldNow
Links to the FCC website to view WTHR and/or WALV’s on-line public inspection files:
WTHR: https://stations.fcc.gov/station-profile/WTHR   ||   WALV: https://stations.fcc.gov/station-profile/WALV
Individuals with disabilities may contact Jill Pursell at publicfile@wthr.com, or 317.655.5602, for assistance with access to the public inspection files.
Powered by WorldNowAll content © Copyright 2000 - 2013 WorldNow and WTHR. For more information on this site, please read our Privacy Policy and Terms of Service.