Money Matters - Simplified

gross profit

Apple's sales surge, gross profit declines

The fourth quarter results of Apple showing robust sales of iPods, iPhones, and even Mac computers could not enthuse the investors at the Wall Street. The company’s shares fell by 6 percent Monday.

Inditex reports rise in Q1 profit as sales rebound

Benefiting from luxury sales recovery worldwide, Inditex, Europe’s largest clothes retailers, has posted double digit growth for the first quarter ended April 30.