Tuesday, January 22, 2008

More on Apple.....

Apple Drops in After Hours. Apple (AAPL, -3.5% day; -10.0% A.H.) announced after the bell that profits increased 57%, but provided a forecast that disappointed analysts.

Though the company is very susceptible to a consumer slowdown, it should also be noted that the company has issued forecasts that have missed seven out of the last eight quarters, but has beaten analysts' expectations every quarter the last three years.

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