Last week, Apple reported its financial results, and they were the kind that answered the question, “Under what circumstances would financial analysts look askance at nearly $90 billion in revenue and $23 billion in profit?” (Answer: When that company is Apple, and it’s posted lower year-over-year revenue numbers in five of the last six quarters.)
After a couple of years of growth so sudden and massive that cosmologists are analyzing it for clues to the inflationary period during the first few moments of the universe, Apple has spent the year-plus…flat. It’s a very huge and profitable flatness, but it’s flat nonetheless. Wall Street, which is so focused on growth, is a little perplexed.
As is tradition, Apple CEO Tim Cook and Chief Financial Officer Luca Maestri hopped on a conference…
