Apple’s Profits Fall, Placates Irate Investors with $55b in New Cash Sops
Apple reported results for its fiscal second quarter ended March 30,2013 and they are not pretty. The company’s profits for the quarter fell 18% to $9.5 billion ($10.09 a share) from $11.6 billion ($12.30 per share) in the same quarter a year ago. Apple observers note that this is the company’s first profit drop in […]