5 Companies That Dropped The Ball This Week

Apple Alarms Wall Street With Weak Guidance For Next Quarter

Apple reported $9.5 billion in profit for its fiscal second quarter, but as gaudy as that figure looks on paper, it represents an 18 percent decline year-over-year. This was the first time Apple's quarterly profit dropped since 2003, and now it looks like Apple's revenue for the current quarter could follow suit. Apple says it's expecting revenue of $33.5 billion to $35.5 billion, compared with the $34.96 billion it raked in during the same quarter last year.

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