Apple’s latest earnings results show the power of shrewd management

Apple’s latest earnings results, released Tuesday, show three bright spots that helped keep Apple’s business buoyant in the last quarter: accessories, services, and investments in emerging markets.

The company reported $19.8 billion in net income on $81.8 billion in net sales during the three-month period. A roughly 4% decline in product sales was offset by services adoption, and weaknesses in some markets were mitigated by sales records elsewhere.

However, while revenue actually grew year-over-year, foreign exchange fluctuations reduced that number by 4%, the company said.

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