The worst is most likely behind Apple already in terms of the Cupertino-based tech titan’s financials. That is, if we can call a few quarters of marginal year-on-year revenue decline “the worst” when profits stayed in the billions of dollars.
Either way, the ship has been swiftly “righted”, once again sailing towards certain and constant annual growth. The latest quarterly numbers are almost outside the range forecasted three months back, also coming in at the high end of analyst expectations.
We’re talking a cool $45.4 billion revenue and $1.67 earnings per diluted share for the fiscal 2017 third quarter ended July 1, up sharply from $42.4 billion and $1.42 respectively a year ago.