Apple reported record breaking revenue for its fourth fiscal quarter on Monday, bringing in US$37.5 billion, up from $36 billion a year ago, and climbing iPhone sales. Both are good news for the company and shareholders, but Wells Fargo analyst Maynard Um saw some bad news mixed in, too.
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Quarterly iPhone sales and revenue climbed, and iPad numbers were up, too. Now we're heading into the holiday buying season with new iPhones and iPads, plus updated MacBook Pro models. Even with sales declining in the overall PC market, Apple's Q1 2014 numbers have the potential to break records yet again.