Thursday, April 25, 2013

AAPL: Apple's Mixed Report Shows Need For Faster Emerging Markets Growth

Apple's Mixed Report Shows Need For Faster Emerging Markets Growth
by Trefis

Apple (AAPL) announced a mixed set of results for Q1 FY2013 Tuesday as revenues continued their upward ascent but earnings took a dip for the first time in nearly a decade. That Apple’s growth is slowing down was evident from the fact that the y-o-y growth in revenues came in at a lowly 11% – a far cry from the nearly 60% it had posted a year ago. The decline in net profit was mostly a result of the downward slide in gross margins which came in at the low end of its guidance at 37.5 %, a big fall from the exceptionally high 47% it had posted in the same period last year. read more »

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