october-december quarter: That decline in Apple's most profitable product caused Apple's total earnings for the October-December quarter to dip slightly to 20 billion. ; Now, CEO Tim Cook is grappling with his toughest challenge since replacing co-founder Steve Jobs 7 years ago, according to The Japan Times. Even as he tries to boost iPhone sales, Cook also must prove that Apple can still thrive even if demand doesn't rebound. Results released Tuesday revealed the magnitude of the iPhone slump a 15 percent drop in revenue from the previous year. It figures to be an uphill battle, given Apple's stock has lost one-third of its value in less than four months, erasing about 370 billion in shareholder wealth. The last time that happened, the iPod was just beginning to transform the company. Cook rattled Wall Street in early January by disclosing the company had missed its own revenue projections for the first time in 15 years.
(news.financializer.com). As
reported in the news.
Tagged under october-december quarter, iphone sales topics.