Apple’s iPhone disappointment fans doubt on growth

Posted on January 23, 2013

The Apple logo is pictured at the company's flagship retail store in San Francisco, CaliforniaSAN FRANCISCO (Reuters) – Apple Inc missed Wall Street's revenue forecast for the third straight quarter after iPhone sales came in below expectations, fanning fears that its dominance of the mobile industry was slipping. Shares of the world's largest tech company fell 10 percent to $ 463 in after-hours trade, wiping out some $ 50 billion of its market value – nearly equivalent to that of Hewlett-Packard and Dell, combined. On Wednesday, Apple said it shipped a record 47.8 million iPhones in the December quarter, up 29 percent from the year-ago period. …


Full Story Via Apple News Headlines – Yahoo! News

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