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Title: Apple Stock Tanks Despite Record-Busting Sales Post by: HCK on January 25, 2013, 07:01:13 am Apple Stock Tanks Despite Record-Busting Sales
Apple'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. http://ectnews.com.feedsportal.com/c/34520/f/632003/s/27ddfea3/l/0L0Smacnewsworld0N0Crsstory0C771610Bhtml/story01.htm |