Apple Misses Target

Apple’s 4Q profit missed estimates on fewer iPad sales. CEO Tim Cook said the company has been struggling to meet demand for the iPhone 5, but that Apple still expects to sell it in 100 markets this quarter — including putting it on sale China in December. Cook also said Microsoft’s new Surface tablet is a “fairly compromised, confusing product.” 

Read the whole story at Forbes » Recommend (4) Print RSS
All content published by MediaPost is determined by our editors 100% in the interest of our readers ... independent of advertising, sponsorships or other considerations.