Apple sold a record number of iPhones -- 47.8 million -- and iPads -- 22.9 million -- but shares tumbled overnight on flat earnings compared with a year ago as the company on Wednesday predicted slower growth in the months ahead following an 18% rise in revenues in the first quarter. Profits suffered because of higher costs resulting from Apple's introduction of new products over the holiday season. In his conference call, CEO Tim Cook called on investors to ignore the outpouring of rumors that constantly surround Apple's moves. "There’s an inordinately long list of things that would make any single data point not a great proxy for what’s going on," he said.
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