( ) -q-19- UNDATED (Correspondent Jeremy House) “nearly seven years.” Apple eked out slightly higher profit even though sales dipped during its latest quarter. [CutID: <Cuts> APPLE-EARNINGS-house-q-FRIam.mp3 Time: 19s Title: APPLE-EARNINGS-house-q-FRIam Out-cue: nearly seven years] TAG: Correspondent Jeremy House reporting. Apple indicated revenue is likely to fall again in the current July-to-September quarter, contributing to […]
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Apple’s earnings top analysts’ forecasts, but year-over-year sales drop for third straight quarter
( ) -q-19- UNDATED (Correspondent Jeremy House) “nearly seven years.”
Apple eked out slightly higher profit even though sales dipped during its latest quarter.
[CutID: <Cuts> APPLE-EARNINGS-house-q-FRIam.mp3
Time: 19s
Title: APPLE-EARNINGS-house-q-FRIam
Out-cue: nearly seven years]
TAG: Correspondent Jeremy House reporting. Apple indicated revenue is likely to fall again in the current July-to-September quarter, contributing to 2% decline the company’s shares in extended trading. If the stock behaves similarly in Friday’s regular trading session, Apple’s market value will fall below $3 trillion.
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VERBATIM: The period included the iPhone maker becoming the first publicly held U.S. company to be valued at $3 trillion. Results cover April through June and mark the third consecutive quarter that Apple has posted a year-over-year decline in revenue. That’s the company’s longest stretch of falling sales in nearly seven years.