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Apple Shares Fall On Disappointing Figures

More than $66bn was wiped off the value of Apple on Tuesday night, after the iPhone maker’s results sparked fears the popularity of its gadgets had peaked. The company failed to sell as many units of its iconic smartphone as analysts had hoped, while it also warned that revenues for the current quarter will be lower than Wall Street estimates. Apple sold 47.5m iPhones in the third quarter, up 35% on the same period last year but short of analysts’ expectations of 48.8m. IPad sales fell 18% to 10.9m.

Read the whole story at The Telegraph »

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