Apple Announces Q2 Financial Results, Net Profit of $14 Million [Updated]

Apple today announced its quarterly financial results for the second quarter of the fiscal year, posting a net profit of $14 million. The company recorded some US$1.475 billion, which is down 1% from this time last year. Gross margins were 28.3%, the highest in the industry, and Apple increased its cash on hand to US$4.5 billion, up US$64 million

Check It Out: Apple Announces Q2 Financial Results, Net Profit of $14 Million [Updated]