The Traderszone Network

Published in TZ Latest News 22 July, 2014 by The TZ Newswire Staff

Apple revenue lags Street’s view despite strong China growth

Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market. It sold 35.2 million iPhones in the June quarter, a rise of about 13 percent that was in line with analysts’ projections, helped by a strong performance in an Asian market considered crucial to Apple’s longer-term growth prospects.

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