Apple reported fiscal third quarter results on Tuesday afternoon, posting sales of $42.4 billion and earnings of $7.8 billion. While well below the comparable results from a year ago, investors were expecting a softer quarter; by slightly outperforming analysts’ estimates, Apple’s stock was up by close to 7 percent in after-hours trading. As in the last couple of quarters, with softening hardware sales, the company is focusing more on their still-growing “services” business, which includes iTunes and the app store. At $5.976 billion for the quarter, that line item up was up 19 percent over the same quarter a year ago, […]
