Apple's University Village store. (Credit: Apple)

Apple smashes estimates with revenue of $45.6 billion, earnings of $11.62 per share

Apple reported today that it brought in $45.6 billion in revenue during the second quarter of its fiscal year, up more than 4.5 percent year-over-year. That beat analyst expectations of $43.6 billion in quarterly revenue, which is a positive sign for the company. The company beat expectations with earnings of $11.62 per share, up more than 15… Read More

Apple's University Village store. (Credit: Apple)

Analysts project flat March quarter financials from Apple

Apple is going to announce its quarterly earnings tomorrow, and investors are skeptically watching the company to see what’s new. Last quarter, Apple’s stock fell following its earnings release after the company announced guidance for this quarter that showed a year-over-year revenue decline, in part because of some changes in accounting practices. But while the drop… Read More

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Chart: Here’s why Wall Street hates Apple

Over the past two days, Apple’s stock price has fallen to just above $500 a share, down from where it sat above $550 before its earnings release on Monday. Here’s why, according to a new chart from Statista: The Cupertino-based maker of iPhones, iPads and Macs has seen declining revenue and profit growth over the… Read More

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On the Scene: A Geek’s Guide to the Wall Street Occupation

[youtube http://www.youtube.com/watch?v=71wym2qYQdA&version=3&hl=en_US] Editor’s Note: Seattle lawyer William Carleton spent several days last week in New York’s Zuccotti Park, the nerve center of the Occupy Wall Street movement. He had two goals — better understanding how Occupy Wall Street works, and not getting arrested. He accomplished both. Continue reading for his report from the scene. I… Read More