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Apple Shares Fall on Good, But Not Good Enough Earnings Report
Though Apple made $8.8 billion in net profits last quarter, the numbers were less than expected and Apple stock took a 5 percent dive in after-hours trading following the earnings report.
Apple’s revenue and profits were higher than this time last year, but more than 5 percent shy of what some expected. Apple’s third quarter revenue was $35 billion or $9.32 per share. Bloomberg had previously...