Loading ...Apple Shares Fall on Mac, iPhone Doubts
Apple Inc. shares fell as much as 5% Thursday as a weaker-than-expected forecast for the second quarter and concerns over Macintosh sales outweighed the company’s first-quarter surge in earnings and iPod sales.
Apple (AAPL) saw its shares give up $4.98 to trade at $89.98 after the company said it expects its second-quarter earnings to be between 54 cents to 56 cents a share on revenue in a range of $4.8 billion to $4.9 billion. That’s below the average forecast of Wall Street analysts, who expected Apple to earn 60 cents a share on $5.22 billion in revenue.
Full Story Via Smartmoney.com
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Filed under: Business and Finance, Gadgets, Portable Audio, Portable Video, Smartphones
