Wednesday, January 23, 2008

Business & Technology | Apple results stellar, investors let down | Seattle Times Newspaper

More Apple details

It didn't matter that the Silicon Valley star reported its highest-ever quarterly profit and revenue. It was a given that Macintosh computer sales jumped more than the competition, that profit margins on iPods grew and that the company still expects to sell 10 million iPhones by the end of this year.

Investors, already spooked by recession talk, focused more on Apple's conservative forecast. Apple fell $5.72 to $155.64 before the earnings release then tumbled to $138.50 after-hours.

Business & Technology | Apple results stellar, investors let down | Seattle Times Newspaper

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