Apple Earnings Beat Expectations, But iPhone Shipments Fall From a Year Ago - NBC Bay Area
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Apple Earnings Beat Expectations, But iPhone Shipments Fall From a Year Ago

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    Do I Need a New Mattress?
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    The iPhone SE is displayed during an Apple special event at the Apple headquarters on March 21, 2016 in Cupertino, California.

    Apple reported quarterly earnings on Thursday that beat expectations, and revenue that also topped estimates, but its outlook isn't looking as strong.

    Apple expects to make $60 billion to $62 billion in the current quarter, below the $65.73 that Wall Street was looking for, CNBC reported. Apple also expects profit margins of 38 percent to 38.5 percent, slimmer than the 38.9 percent expected.

    In other words, Apple either expects to sell fewer phones, or expects to sell phones that are either more expensive to make or have lower prices.

    Shares whipsawed after hours as investors digested news of falling iPhone sales, but higher prices.

    Democrats Release Memo to Counter GOP's FBI Claims

    [NATL-NY] Democrats Release Memo to Counter GOP's FBI Claims

    A redacted, declassified memo released by Democrats on the House intelligence committee Saturday aims to counter a narrative that Republicans on the committee have pushed for months — that the FBI and Justice Department conspired against President Donald Trump during his presidential campaign, abusing a secret surveillance process to spy on one of his operatives in its Russia investigation. Checkey Beckford reports.

    (Published Sunday, Feb. 25, 2018)