Apple and Its iPhone Money Machine
Here is Apple’s report card for the three months ending June 30, 2015: revenues of $49.6 billion (up 33 percent year over year, from $37.4 billion), net income of $10.7 billion (up from $7.7 billion during the same three months last year) and a gross margin of 39.7 percent (compared with 39.4 percent in the year-ago quarter). And yet the number … Continue reading Apple and Its iPhone Money Machine