Apple’s iPhone disappointment fans doubt on growth
SAN FRANCISCO (Reuters) – Apple Inc missed Wall Street’s revenue forecast for the third straight quarter after iPhone sales came in below expectations, fanning fears that its dominance of consumer electronics is slipping. Shares of the world’s largest tech company fell 10 percent to $463 in after-hours trade, wiping out some $50 billion of its market value – nearly equivalent to that of Hewlett-Packard and Dell combined. On Wednesday, Apple said it shipped a record 47. 8 million iPhones in the December quarter, up 29 percent from a year earlier. . . .
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