Apple Q4 Mac Sales Up 17 Iphone Sales Hit 7 4M
This contrasts with revenue of $7.9 billion and net quarterly profit of $1.14 billion, or $1.26 per diluted share, in the year-ago quarter. Gross margin was 36.6 percent, up from 34.7 percent in the year-ago quarter. International sales accounted for 46 percent of the quarter’s revenue. The company confirmed what many industry observers hadn’t expected, that it is continuing to exercise the subscription accounting treatment required by GAAP, presumably while it implements new systems which don’t assess income in this manner....