Apple predicted its first financial quarter of 2014 to be a big one, and those predictions were spot on. Revenues hit $57.6 billion, a new quarterly record for the company, while profits sat at $13.1 billion, seemingly equal to its quarterly record of $13.1 billion. After surging to over $700 in 2012, Apple's share price fell to under $400 in 2013. It's slowly recovered since, standing at around $551 prior to today's earnings call. The positive results should persuade investors that the company still has room to grow, albeit at a slower rate.
via The Verge - All Posts http://ift.tt/1ebOmcY
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