Apple Stock Tanks Despite Record-Busting SalesApple's stock fell after the company released its most recent quarterly report, despite record revenue, iPad and iPhone sales. It posted $13.1 billion, or $13.81 per share, in net income for its first fiscal quarter on revenue of $54.5 billion. Net income was flat compared with the same period a year earlier, but revenue was up 18 percent from the $46.3 billion it earned in the year-ago quarter.
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