Apple Has Strong 4th Quarter But Misses Wall Street Estimates

Wednesday, October 19th, 2011
Popular iPhone 4S maker Apple has recently reported its 4th quarter earnings ending September 24. The company reported a total revenue of $28.27 billion for the last quarter of the fiscal year that amounted to $6.62 billion worth of profits. This was an improvement from the revenues of the same quarter last year of $20.34 billion. The gross profit margin for this quarter also improved to 40.3 percent, a 3.4 percen