Apple reported third-quarter earnings of $7.05 a share, on revenue of $28.3 billion.
Analysts, on average, expected Apple to earn $7.22 a share on revenue of $29.5 billion.
Apple has not missed earnings forecasts since the second quarter of 2002, according to FactSet data.
The stock is down to 402 after hours, after closing at 422.24.
iPhone sales came in at 17.07 million, compared with forecasts of 20 million — maybe the most disappointing number.
More to come tomorrow…
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