Apple plunges in European trading as profit growth slows
Apple plunged this morning in European trading after posting the slowest profit growth since 2003 and the weakest sales increase in 14 quarters.
Apple plunged in European trading after posting the slowest profit growth since 2003 and the weakest sales increase in 14 quarters, as higher costs and rising competition made it harder to sustain revenue expansion.
The company dropped 8 per cent to €352.34 euros in Germany after saying that profit rose less than 1 per cent to $13.1 billion, or $13.81 a share, in the period that ended December 29th. Sales rose 18 per cent to $54.5 billion,...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine