Last quarter, Apple (NASDAQ: AAPL)reported that its gross profit marginticked down from 38.9% of revenue a year ago to 38.3% of revenue. The year-over-year change wasn't huge and since Apple's revenue grew substantially from a year ago, its total gross profit -- that's revenue less cost of goods sold -- grew by nearly $3 billion year over year.
The tech titan is still extremely profitable.Are Shrinking Margins Going to Be a Problem for Apple?
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