Apple’s big problem just got bigger

Apple’s big problem just got bigger

Apple (AAPL) has been one of the big surprises of the current quarterly earnings season so far.

The maker of the iPhone and iPad managed to upset the most optimistic forecasts during the quarter ended September 30.

Apple said profit for the three months ending in September, the group’s fiscal fourth quarter, was set at $1.29, up 4% from the same period last year. Group revenue, Apple said, rose 2% from last year to an all-time high of $90.15 billion, just above analyst estimates of $88.9 billion.

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