Latest Business News: Apple Earnings: Which Way is Up?

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Latest Business News: Apple Earnings: Which Way is Up?

by Wochit 0:54 mins

Latest Business News: Apple Earnings: Which Way is Up?

by Wochit 0:54 mins

As Apple reports quarterly results after the close of business their gross profit margin has been falling since it hit 47% at the beginning of 2012. The company?s top-of-the-line iPhone 5 carries the highest profit margin, analysts say but worries about low supply levels make Apple shakey. Verizon and Motorola unveiled the Droid Ultra family of products, including the Droid Ultra itself, the Droid Ultra Maxx, and the Droid Ultra Mini. Trading sources said two high-profile oil traders, Pasi Siitonen and Simon Hutchinson, have left Morgan Stanley's European desk as Wall Street banks struggle to retain talent amid increased regulator scrutiny and a decline in revenues.

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