Tuesday, July 22, 2008

Apple stock drops despite jump in Q3 profit

A model shows a new iPhone during its launch and sale in Hong Kong on July 11. The computer giant has reported its third-quarter profits topped a billion dollars on strong sales of its computers, iPods, and iPhones(AFP/File/Andrew Ross)


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.
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