Tuesday, July 22, 2008

Apple stock drops despite jump in Q3 profit

A new MacBook Air ultra thin laptop on display at the MacWorld conference in San Francisco earlier this year. Apple has said its third-quarter profits topped a billion dollars on strong sales of its Macintosh computers, iPods and iPhones.(AFP/File/Tony Avelar)

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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