Apple’s iPhone business goes flat; outlook weak
January 27, 2016
SAN JOSE, Calif. — Apple on Tuesday reported fiscal first-quarter earnings that surpassed Wall Street forecast but revenue for the holiday period fell short of expectations amid what was basically flat growth for iPhone sales. Apple said that for the period ended Dec. 26, it earned $18.4 billion, or $3.28 a share, on revenue of $75.9…
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