The Apple logo is pictured on the front of the company's flagship retail store near signs for the central subway project in San Francisco, California January 23, 2013. REUTERS/Robert Galbraith
Apple revenue misses, iPhone disappoints
Posted : Wednesday, 23 January 2013 04:36PM
SAN FRANCISCO (Reuters) - Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below analyst targets, sending its shares down more than 4 percent.
Apple said its fiscal first quarter revenue rose to $54.5 billion, below the average analyst estimate of $54.73 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Poornima Gupta; Editing by Bernard Orr)
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