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Apple Stock Dives Over 10 Percent In Quarterly Earnings

January 25, 2013
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For the third time in a row, Apple’s iPhone sales have come in below expectations. On January 23, 2013, Apple reported its first quarter revenue and announced the shipment of 47.8 million iPhones for sales ending in December, after the number was up 29 percent from the year before. Keeping in mind this was below the 50 million that was projected by Wall Street analysts.

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