Apple shares slide as iPhone misses Christmas sales forecast

Written By Unknown on Friday, 25 January 2013 | 07:44

Apple has jolted investors with reduce than approaching iPhone sales, underlining fears that a product that helped emanate a world’s many profitable association might be losing a allure.

In one of a many energetically expected gain updates of new years, Apple reported no arise in increase and somewhat missed income estimates, suggesting a duration of hyper-growth is entrance to an end. The news wiped $50bn from Apple’s marketplace value, as shares collapsed 10% in after-hours trading.

Apple sole 47.8m iPhones over a Christmas quarter, blank a foresee normal of around 50m. Unusually for a association that has frequently outperformed researcher expectations, income expansion of 18% year on year to $54.5bn was next a $54.9bn forecast, and increase were flat

Read full article: http://www.eweek.com/pc-hardware/ipad-retina-display-macbooks-part-of-apple-black-friday-sale/


Source:
http://www.news.ezonearticle.com/2013/01/25/apple-shares-slide-as-iphone-misses-christmas-sales-forecast/

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