As Apple Inc. raises prices on its streaming music service and Spotify Technology SA teases a similar move, Amazon.com Inc. is going in a different direction. Read More...
TheStreet.com
Apple’s Big Problem Gets Bigger
Apple has been one of the big surprises of the current quarterly earnings season so far. Apple said earnings for the three months ending in September, the group’s fiscal fourth quarter, were pegged at $1.29, up 4% from the same period last year. Group revenues, Apple said, rose 2% from last year to an all-time high of $90.15 billion, just ahead of analysts’ estimates of $88.9 billion.
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