Apple (AAPL) and iPhone
quote:Although this is specific stock news I believe that this will set the tone for the futures market tomorrow.
Record sales of Macintosh computers pushed Apple's (AAPL) third quarter earnings up 74% over the same quarter last year, overshadowing news that iPhone sales, while strong, failed to meet expectations.
Wall St. reacted swiftly, driving Apple shares up nearly 10% in after hours trading.
Apple reported today that it sold 270,000 iPhones in the last two days of the quarter -- more than it had predicted, but far less than the target of 500,000 to 700,000 units Apple analysts had set for the first three days of sales.
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