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Apple 4th Quarter Earnings

January 18, 2007 in Wireless Industry News

Apple Inc. reported fourth quarter earnings yesterday which blew the top off of analysts’ estimates, at first…

Strong sales of the iPod and Mac computers fueled the big numbers. Sounds good, eh?

Unfortunately, Apple’s second quarter outlook (how much the company estimates it will earn next next quarter) wasn’t so rosy, with Apple only expecting earnings of 54 cents to 56 cents a share – lower than the average analyst estimate of 60 cents a share.

Shares of Apple Inc. dropped more than 4% today in early trading.

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