A Bite out of Apple

Apple's net income rose by 38%, year-on-year, to $10.7 billion, in three months to June; revenue increased by 33%, to $49.6 billion; sales in Greater China climbed by 112%, to $13.2 billion. The third quarter of Apple's financial year is usually a quiet one by the company's standards, with no new iPhones to worship - although the number of phones sold went up by 35%. The share price fell by around 7% after hours; analysts had hoped for an ever better report.

The Economist, "The World in Brief" The Economist Espresso App, Wednesday, July 22, 2015.

What a company. You know you're doing something right when you deliver a quarterly report like this and analysts are disappointed.