Apple Q3 Report: Beats Earnings & Profit Estimates, But iPhones below Expectations; Stock Falls After Hours

Apple reported its 3rd Quarter, FY 2015 Results: Apple posted revenue of $49.6 billion and net quarterly profit of $10.7 billion, or $1.85 per diluted share. Gross margin for the quarter was 39.7 percent compared to 39.4 percent in the year-ago quarter, with international sales accounting for 64 percent of revenue. Apple also declared an upcoming dividend payment of $0.52 per share, payable on August 13. The company now holds $202.8 billion in cash and marketable securities. Apple sold 47.5 million iPhones during the quarter, up from 35.2 million a year earlier. iPad sales came in at 10.9 million, down … Continue reading Apple Q3 Report: Beats Earnings & Profit Estimates, But iPhones below Expectations; Stock Falls After Hours