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Technology Stocks : Apple Inc.
AAPL 277.87-0.1%12:00 PM EST

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From: Moonray1/24/2013 8:29:59 AM
   of 213176
 
Apple's iPhone disappointment fans doubt on growth

SAN 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 consumer electronics is
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 a year earlier. But that lagged the 50 million that analysts on average had projected.

More at: finance.yahoo.com

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