Wall Street reacts negatively to Apple's latest earnings report

01/24/2013 | Los Angeles Times (tiered subscription model) · Reuters

Apple reported revenue of $54.5 billion and all-time high profits for the three months ending Dec. 31, but the company's failure to meet Wall Street expectations for the third consecutive quarter sparked investor upheaval on Wednesday. Shares of the company decreased in value by 10% in after-hours trading, knocking almost $50 billion off Apple's market value while dragging down stock index futures.

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Los Angeles Times (tiered subscription model) · Reuters

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