Apple earnings beat, but iPhone shipments fall from a year ago
Safi Bello
CNBC --------- Apple reported quarterly earnings on Thursday that beat expectations, and revenue that also topped estimates — but its outlook isn't looking as strong. Apple expects to make $60 billion to $62 billion in the current quarter, below the $65.73 that Wall Street was looking for. Apple also expects profit margins of 38 percent to 38.5 percent, slimmer than the 38.9 percent expected. In other words, Apple either expects to sell fewer phones than Wall Street thought, or expects to sell phones that are either more expensive to make or have lower prices. To learn more click on the picture below to read the article.