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Instant View: Apple’s quarterly sales fail to excite investors

29
Oct
2013

SAN FRANCISCO (Reuters) – Apple Inc’s quarterly revenue barely beat Wall Street’s heightened expectations after it sold a solid 33.8 million iPhones in the September quarter, but gross margins and profit slid, disappointing some investors. Shares in the company were down more than 2 percent after hours. Commentary: SHANNON CROSS, CROSS RESEARCH “They guided for a solid quarter and it came in a little bit above where they guided. The upside looks like more aggressive share-repurchase and better iPhone numbers than people were expecting. …

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