Around the Net

Apple Misses Target

  • Forbes, Friday, October 26, 2012 8 AM

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.” 

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