Apple reported fourth quarter results ahead of analysts’ expectations on Tuesday afternoon, with sales up 22 percent to $51.5 billion and net profit of $11.1 billion. For the full fiscal year sales rose 28 percent to $233.7 billion. Despite the strong results, some investors had qualms about the company’s slightly moderated guidance for the holiday quarter, which is expected to have sales of between $75.5 billion and $77.5 billion, and the role that Chinese demand is playing in the company’s growth. The company sold 9.9 million iPads in the quarter, down from 12.3 million tablets a year ago. Their “services” line item, which […]
