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Apple revenue lags Street forecasts

23
Jul
2014

Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, after selling 35.2 million iPhones in an increasingly competitive smartphone market. Shares in Apple held steady at $94.72 on Nasdaq after the news. Many investors expect Apple to make a play for the wearable device market with a sensor-laden smart watch, dubbed iWatch.

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