Apple shares tumble despite new revenue high


The Apple logo is displayed on the exterior of an Apple Store on January 27, 2014 in San Francisco. The California-based tech giant reported net income of US$13.1bil on revenue of US$57.6bil in the quarter that ended Dec 28, helped by selling 51 million iPhones - AFP Photo.

SAN FRANCISCO: Record iPhone and iPad sales pushed Apple quarterly revenue to a new high but shares tumbled Monday over concerns of weaker profits ahead in fierce mobile gadget markets.

The California-based tech giant reported net income of US$13.1bil on revenue of US$57.6bil in the quarter that ended Dec 28, helped by selling 51 million iPhones.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Apple , revenue , profit , shares , prices

   

Next In Business News

Metal markets rush to adjust to clampdown
Apple’s US$1bil outlay may be a fleeting win
MKHOP’s plantation land deals in the pipeline
Google offers to loosen search agreements
Tether sees US$10bil in net profits for 2024
Qualcomm wins key chips trial against Arm
Higher gold prices expected to boost Malaysia’s exports
Evolving strategies for US market growth
Painting a brighter future
China property flare-ups resurface as crisis enters its fifth year

Others Also Read