Analysts: Apple Should Stand Its Ground

Apple’s stock price got hammered Thursday following a financial report that spooked investors with dipping earnings. Despite climbing revenue, the company reported a profit of just $13.08 billion in the quarter ending Dec. 31. That compares to $13.06 billion during the same period a year ago. Earnings for the period dropped to $13.81 a share from $13.87. The profit drop occurred even though revenue increased 17.7 percent, when compared with the same quarter a year ago, soaring to $54.5 billion from $46.3 billion.

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Analysts: Apple Should Stand Its Ground

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