“Expectations are low for Apple’s recently concluded March quarter, in which some market watchers believe the company likely saw its first year-over-year profit decline in a decade, despite booming sales of its iPad lineup,” Neil Hughes reports for AppleInsider.
“On average, analysts polled by Thomson Reuters expect Apple to report revenue of $42.49 billion with earnings per share of $10.07,” Hughes reports. “In comparison, a year ago the company made $12.30 earnings per share on sales of $39.19 billion.”
Hughes reports, “The last time Apple saw a year over year decline in profit was in 2003. The company will report its March quarter results after the markets close on Tuesday, followed by a conference call scheduled for 5 p.m. Eastern.”
Read more in the full article here.
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