Apple Stocks Down: iPhone Sales Not Up to Market Expectations (VIDEO)

Wall Street Disappointed After Below-Par Sales — Apple Stores Pause for Tribute
By George J. Wienbarg, Christian Post Reporter

Apple stocks have taken a dive after sales of the iPhone were not up to Wall Street’s expectations. In a sign of things to come for the tech giant, the disappointing third quarter results were down some 5 percent.

 Apple Stocks Down: Only 17M of 20M Projected iPhones Sold

Despite the company’s record-setting iPhone 4S sales, analysts had predicted sales of nearly 20 million units. Sales so far have been just 17 million.

For the new Apple CEO, Tim Cook, who took over for the ailing Jobs in August, the hit was particularly painful as the Good Ship Apple sails on without Jobs.

Get Our Latest News for FREE

Subscribe to get daily/weekly email with the top stories (plus special offers!) from The Christian Post. Be the first to know.

Meanwhile, if you see your Apple Store closed today, it will only be for 90 minutes. Starting at noon Pacific Time. The outlets will be giving time to employees to celebrate a multi-media presentation from Apple headquarters in Cupertino, Calif. celebrating the life of their beloved former captain.

Was this article helpful?

Help keep The Christian Post free for everyone.

By making a recurring donation or a one-time donation of any amount, you're helping to keep CP's articles free and accessible for everyone.

$25/month$50/quarter$100/yearOne-time

We’re sorry to hear that.

Hope you’ll give us another try and check out some other articles. Return to homepage.

Most Popular