Tuesday, January 22, 2008

Apple shares drop after missed forecast (Reuters)



Apple CEO Steve Jobs introduces the MacBook Air during the Macworld Convention and Expo in San Francisco January 15, 2008. Computer and iPod maker Apple Inc on Tuesday forecast fiscal second-quarter earnings far below Wall Street expectations, sending its shares down about 10 percent. (Robert Galbraith/Reuters)Reuters - Apple Inc on Tuesday
forecast a quarterly profit below analysts' expectations and
posted disappointing holiday-season iPod shipments, sending its
shares down 11 percent in after hours trade on concern
consumers were cutting spending.




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