The Apple logo is pictured at the company's flagship retail store in San Francisco, California January 23, 2013. Apple results are due after market closes around worries about the profit potential in the tech sector, increased amid questions about waning
Apple revenue misses, iPhone disappoints
Posted : Wednesday, 23 January 2013 04:36PM
SAN FRANCISCO (Reuters) - Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below analyst targets, sending its shares down more than 4 percent.
Apple said its fiscal first quarter revenue rose to $54.5 billion, below the average analyst estimate of $54.73 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Poornima Gupta; Editing by Bernard Orr)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp