‘Apple Posts First Profit Decline in a Decade’ – ‘Mashable’

Seth Fiegerman says, “Apple beat Wall Street’s estimates for revenue and sales of the iPhone and iPad in the March quarter, but the company’s profits declined year-over-year for the first time in a decade.

Apple sold 37.4 million iPhones and 19.5 million iPads, surpassing analysts’ estimates by about 1 million on both fronts. Those device sales helped Apple bring in $43.6 billion in revenue for the quarter, beating the consensus estimate of $42.6 billion and setting a new record for March quarter revenues”.