Apple stock drops despite jump in Q3 profit (AP)
Apple / Mac News
AP - Shares of Apple Inc. Fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period. Source: Yahoo! News: Apple/Macintosh News
Apple Stock (Hover)
Apple narrowly reported better-than-expected earnings of $10.09 a share, causing investors to wonder if the company might be able to turn itself around despite the maturation of the smartphone market. The iPad and iPhone maker also announced an additional $50 billion share buyback. Ref. USAToday
Fiscal fourth-quarter net income was $8.2 billion, or $8.26 a share, compared to $8.2 billion, or $8.67 a share, a year earlier. Revenue came in at $37.5 billion, versus $36 billion in the same period last year. Shares were down in after-hours trading. Ref. USAToday
Apple rings up monster quarter with iPhone sales Record iPhone sales -- 74.5million -- send Apple shares in orbit, up 5%. Ref. USAToday