Wed, Oct 30, 2013 - Page 15 News List

Apple’s Q3 fails to excite ahead of holiday quarter

DISAPPOINTING:Analysts said the results had raised questions about the firm’s performance in China. Its overall market share has slipped to 13.4% from 15.6%


It sold 14.1 million iPads during the third quarter, up very slightly from 14 million the previous year, and moved 4.6 million of its Mac computers, down from 4.9 million a year ago.

Apple’s revenue for the quarter was US$37.5 billion, surpassing of Wall Street’s average forecast of US$36.8 billion, according to Thomson Reuters I/B/E/S.

The company’s earnings per share slid for the third straight quarter to US$8.26, but beat analysts’ average estimate of US$7.94.

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