iPhone Sales Are Up, But Apple's Profits Are Down
July 26, 2013
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7:00Now PlayingiPhone Sales Are Up, But Apple's Profits Are Down
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as posted by the channelDave Rubin and the panel discuss Apple's drop in profit despite an increase in iPhone sales. ►►Subscribe to Rubin Report for more
Despite selling 31.2 million iPhones last quarter, Apple is not doing so well. Apple's profit has fallen 22% in the past quarter, their stock has dropped 40% in the past 10 months, and it's current quarter is expected to under perform wall streets expectations.
Why are Apple's profits are down? Have they lost their "cool" factor?
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