Apple shares slide on company record news

Apple shares slide on company record news In a classic pattern, Apple’s share values fell fast following confirmation that the company had reached a new corporate record in its just-gone financial quarter. The company revealed revenue of $5.75 billion and a net quarterly profit of $565 million. It’s shares now stand at $82.4901. Apple shipped 1.254 million Macs (667,000 desktops and 587,000 laptops) and 14.043 million iPods in the quarter. Apple predicted second-quarter earnings of 38 cents a share on revenue of evenue of “about $4.3 billion”. Some investors may have missed the fact that accomplishing that conservative target...

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