Tuesday 18 October 2011
Apple Shares Drop 7%
Apple miss in quarterly results, Apple shares dumped dropping 7% to below $395. Fourth-fiscal-quarter earnings jumped 54% to
$6.62 billion which is equal to $7.05 a share, from the year ago period. Revenue
climbed 39% to $28.27 billion. Apple’s results in part reflected
lower-than-expected sales of the iPhone.
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