In a rundown Tuesday afternoon of his company’s performance over the most recent fiscal third quarter, Apple CEO Tim Cook accentuated the positives despite the ho-hum nature of the three-month period. The quarter just before summer begins, for example, doesn’t include the busy holiday shopping season or a back-to-school rush for devices. Nevertheless, this is a publicly-traded company, presenting its results to Wall Street on a three-month cycle, and as such analysts and investors expect to see as many improvements as possible each time new earnings are presented.
But how do you satisfy the Street’s expectation that public companies always show growth when, in Apple’s case, the company’s signature product has matured — to the point that Apple has made clear the iPhone will no longer generate the sizzling, white-hot sales numbers it once did? Apple’s latest earnings tell the story.
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Apple once again proves Tim Cook’s plan to deal with slowing iPhone sales is paying off originally appeared on BGR.com on Tue, 30 Jul 2019 at 21:11:57 EDT. Please see our terms for use of feeds.
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