Apple earnings: company beats with $42 billion, iPhone SE above expectations

by Greg Sterling
Earlier this afternoon Apple reported its fiscal 2016 third quarter results. The company had quarterly revenue of $42.4 billion, which was down 15 percent year-over-year but beat financial analyst consensus estimates. Revenue a year ago was $49.6 billion. Gross margin was down year over year partly because of the apparent popularity of the lower-cost iPhone SE.Read the full article