Wednesday, July 23, 2014

Apple revenue sets new record. But...

Apple had a good day yesterday. During the previous quarter, its third of the fiscal year, it took in $37.4 billion U.S. in revenue - a new all-time Q3 record - and made a $7.75 billion profit.

Other numbers, including gross margin (39.4%), cash-on-hand ($164.5 billion) and iPhone sales (35.2 million, another Q3 record), were similarly impressive, and underscored why Apple remains at the top of the tech pile.

Still, weak iPad sales - they were down 9% - showed a worrisome crack in the armor. I wrote this article for Yahoo Canada Finance to outline where Apple goes from here, and what we can expect from them for the rest of the year:

Your turn: Do you do the Apple thing? Do tell!


ifthethunderdontgetya™³²®© said...

I don't do the apple thing. Not since the 80s and the Apple II.

But I do note that there was a huge uproar (and rise in stock price) when Amazon announced some device. They can't both go up on the same news.

ifthethunderdontgetya™³²®© said...

Note: that was a few weeks ago. Amazon announced earnings tonight and was down quite a bit.