Reuters: Technology News: Apple revenue misses Wall Street forecasts, shares plunge

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Apple revenue misses Wall Street forecasts, shares plunge Jul 24th 2012, 20:58 Tweet Share this Email Print Related News Instant View: Apple's iPhone sales miss, Netflix's shaky outlook unnerve Street 4:51pm EDT An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012. Credit: Reuters/Stephen Lam SAN FRANCISCO | Tue Jul 24, 2012 4:51pm EDT SAN FRANCISCO (Reuters) - Apple Inc's quarterly revenue missed Wall Street expectations as brisk sales of new iPads failed to offset lower-than-expected sales of its iPhones, sending its shares down almost five percent. The most valuable U.S. technology company said fiscal third-quarter revenue rose to $35 billion, much lower than the average analyst estimate of $37.22 billion, according to Thomson Reuters I/B/E/S. (Reporting By Poornima Gupta; Editing by Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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