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July 25, 2012 03:01 am GMT
Apple often gets a lot of love in Europe, but in the last quarter that wasn't enough to help it against the tide of economic woe hitting the region. In today's Q3 earnings call, CEO Tim Cook described sales in the region as "essentially flat to slightly positive" -- and, not unlike the wider macro-economy, "that really hampered our total results."Specifically, he noted that France, Greece and Italy were "particularly poor", and Germany saw "only single digital positive growth." Interestingly, the UK seemed immune to this situation and posted a "solid" 13 percent growth rate.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/byOo_gBv87Q/
Apples Feeling Europes Economic Crisis: Essentially Flat Sales And A Slowdown In Business, Says Cook
Apple often gets a lot of love in Europe, but in the last quarter that wasn't enough to help it against the tide of economic woe hitting the region. In today's Q3 earnings call, CEO Tim Cook described sales in the region as "essentially flat to slightly positive" -- and, not unlike the wider macro-economy, "that really hampered our total results."Specifically, he noted that France, Greece and Italy were "particularly poor", and Germany saw "only single digital positive growth." Interestingly, the UK seemed immune to this situation and posted a "solid" 13 percent growth rate.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/byOo_gBv87Q/
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