Apple just reported earnings for its third quarter of 2016, and managed to beat Wall Street expectations — although expectations had been set fairly low after disappointing earnings last quarter.
Apple reported $42.4 billion in quarterly revenue for its third quarter 2016, and quarterly net income of $7.8 billion ($1.42 per share). That compares to $49.61 billion for this time last year; and a quarterly net income of $10.7 billion in the same quarter last year. Analysts surveyed by Thomson Reuters had expected $1.38 per share on $42.11 billion in revenue.
The quarter prior to this one was a particularly rough one for Apple, during which the company saw its year-over-year revenue decline for the first time in 13 years. Much of that was...
