Tuesday, October 18, 2011

Apple Misses Big on Earnings, Revenue; Shares Tumble

Apple which usually tops the forecast in a rare show missed on earnings in 4th quarter ending 25th September. Apple shares tumbled 7% after hours on the surprise miss.

The company sold 17.07 million iPhones during the quarter; Wall Street had expected something in the 18 million to 20 million range, given that 20.3 million were sold in the third quarter.


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