30 Oct

Financial Post | Business

Quarter after quarter, Apple Inc. continues to report tens of billions in revenue, but the tech giant’s bottom line seems to be coming under increasing pressure, something executives are attributing to a flurry of recent product releases.

In a busy week that included the much-anticipated reveal of the iPad Mini on Tuesday, the Cupertino, Calif.-based company reported its fourth-quarter earnings Thursday after markets closed.

The results included solid sales of US$36-billion that came in slightly ahead of expectations but net profit that fell short of what analysts were hoping.

And in its guidance on the upcoming quarter — which includes the key holiday shopping season — Apple projects it will report the most quarterly revenue on record but earnings per share less than in the same period last year.

We’re managing the company for the long run and will continue to make great long-term decisions

On a conference call with…

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