Apple’s profit falls again in Q1 2014 on record revenue

Like last quarter, Apple set another record for revenue in its first quarter of 2014. However, margins at Apple have receded, turning year-on-year profit comparisons negative for yet another quarter. Earnings per share are up because of stock buybacks. But Apple shares fell 8% after the earnings were released. Apple continues to try to maintain margins as high as possible without sacrificing share. This strategy means contraction in the Americas. But Apple is betting on Asia for growth.
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