Apple’s latest earnings results show the power of shrewd management
Apple’s latest earnings results, released Tuesday, show three bright spots that helped keep Apple’s business buoyant in the last quarter: accessories, services, and investments in emerging markets.
The company reported $19.8 billion in net income on $81.8 billion in net sales during the three-month period. A roughly 4% decline in product sales was offset by services adoption, and weaknesses in some markets were mitigated by sales records elsewhere.
However, while revenue actually grew year-over-year, foreign exchange fluctuations reduced that number by 4%, the company said.