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%

Reuters

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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