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Warwick Business School The University of Warwick CV4 7AL Coventry http://www.wbs.ac.uk
Contact Ms Ashley Potter +44 24 7657 3967
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Warwick Business School

Only new products can sustain Apple's growth

(PresseBox) (Coventry, )
Professor Loizos Heracleous believes Apple needs to produce more blockbuster products to keep investors happy despite producing record quarterly revenues.

The Californian tech giant revealed revenues rose to $57.6 billion (£34.7 billion) for the first fiscal quarter of 2014, which includes Christmas, giving Apple a profit of $13.1 billion (£7.9 billion), matching its record surplus of a year ago.

Despite the impressive numbers, with record iPhone and iPad sales of 51 million and 26 million respectively, Apple's shares fell by more than eight per cent with investors spooked that it missed analyst predictions of even better returns.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.