Apple warns of holiday earnings drop

Apple has a new iPhone, two new iPads and three new PCs as it heads into the holiday quarter, the biggest selling season of the year. But, paradoxically, it expects these new gadgets to bring down its profits compared to last year.

The reason: the new gadgets are expensive to make, Apple executives said, and the company is not interested in cutting corners for the sake of short-term returns.

via Business feed http://www.scmp.com/business/companies/article/1070174/apple-warns-holiday-earnings-drop