> Apple beats forecasts
APPLE’S LATEST FINANCIAL results beat market expectations despite a slight dip in iPhone sales.
The June quarter is historically Apple’s slowest, as customers hold back in anticipation of new releases in the fall. However, the company reported its best June quarter to date, with revenues nearly 5% up year-on-year, and up in every operating region except China. Gross margin was 9% higher than in the same quarter a year ago.