Tuesday, April 26, 2016

Apple Profit, Revenues Down; Reports Drop In IPhone Sales

Tech giant Apple Inc. (AAPL), Tuesday reported a drop in second-quarter profit, hurt largely by double-digit revenue decline reflecting weak iPhone sales. Poor results and a weak outlook sent the company's shares plunging down more than 7 percent in after-hours trading, erasing about $40 billion in market cap.

from RTT - Earnings http://ift.tt/1NxSSH3
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