Apple is placing a big bet on the idea that we’ll all be wearing our technology in the near future. But on its earnings call Tuesday, the company was mum when it came to how many Apple Watches it’s sold.
Investment bank and asset management firm Piper Jaffray said Wednesday that its second-quarter net income dropped 61 percent from results a year ago that were bolstered by tax benefit. Piper Jaffray Cos. earned $2.3 million, or 15 cents per share, for the three months ended June 30.
The bank said Wednesday that its net income fell to $2.5 million, or 15 cents per share, from $5.7 million, or 38 cents per share, in the same period last year.