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>> APPLE INC. Latest News

JAN 23, 2013 - MarketWatch

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Apple shares tumble as forecast disappoints

SAN FRANCISCO (MarketWatch) -- Apple Inc. saw its shares tumble more than 5% in after-hours trades on Wednesday following its first fiscal quarter earnings report. While iPhone sales were at the low end of estimates for the December period, Apple's revenue guidance for the March quarter also fell below estimates. The company predicted a revenue range of $41 billion to $43 billion, while analysts were expecting $45.6 billion, according to FactSet. The company also did not give an EPS forecast for the period, breaking with past practices. Its gross margin forecast had a mid-point of 38%, ... Read More

Tags: Apple shares tumble as forecast disappoints,  Apple Inc. Latest News