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Apple gets a bruising
Posted By -NO AUTHOR- On 01/24/2013 @ 11:41 pm In Money | No Comments
(London Daily Mail) Apple shares fell more than 6 per cent in after-hours trading Wednesday night as the world’s largest technology company reported lower than expected iPhone sales in the latest quarter.
The company shipped 47.8 million of the flagship product, less than the 50 million that Wall Street analysts had predicted for the period ending December 29, sending the stock down.
Sales of the iPad came in at 22.9 million in the fiscal first quarter, about in line with forecasts.
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