Apple’s earnings disappoint. Shares fall over $30 after hours

July 24, 2012 Posted By: Leave a comment
Reports profits of $8.8 billion on sales of $35 billion. Wall Street was looking for $37 billion.

FORTUNE -- Apple (AAPL) did a rare thing Tuesday: It disappointed Wall Street.

Although it reported sales and earnings ahead of its (typically) low guidance, and although CEO Tim Cook declared himself "thrilled" that the company sold a record 17 million iPads...

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