Sales of iPhones keep investors happy as Apple profit dips

Apple's shares rose 4% in after-hours trading Tuesday after a quarterly earnings report showed reduced iPad sales, lower gross profit margins and flat revenue -- but a 20% year-over-year increase in iPhone sales. Its $35.3 billion in revenue for the quarter beat market expectations even as its gross profit margin dropped from 42.8% to 36.9%. Analysts are waiting to see how Apple handles a cooling Chinese market, where its device sales are down 4%.

View Full Article in:

New York Times (tiered subscription model), The · Advertising Age (tiered subscription model)

Published in Briefs:

SmartBrief Job Listings for Media

Job Title Company Location
Director, Industry Initiatives (Digital Video and AdvancedTV)
Interactive Advertising Bureau
New York, NY
Digital Ad Operations Specialist
Crain Communications
Nationwide, SL_Nationwide
Account Executive, West Coast
DeviantART
Los Angeles, CA
Web Developer
Crain's New York Business
New York, NY