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Apple earnings rise as economic gloom hits tech

News Snapshot:

APPLE. A 3D-printed Apple logo is seen in front of a displayed stock graph in this illustration taken February 26, 2016 Apple defies the tech sector's decline this quarter with strong sales for its Mac computers, totaling $11.5 billion, ahead of analysts' $9.36 billion estimates Apple Inc. on Thursday, October 27, reported revenue and profit that topped Wall Street targets, one of the few bright spots in a tech sector battered by spending cutbacks due to inflation. The forecast for the holiday quarter was more grim. While not providing specific numbers, Apple said revenue growth would fall below 8% in…

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