RSS
Apple misses profit forecasts
Apple introduced the iPad Mini on Oct. 23 after weeks of feverish speculation. The mini tablet is 7.9 inches. The company also unveiled a faster fourth generation full-size iPad.
Apple introduced the iPad Mini on Oct. 23 after weeks of feverish speculation. The mini tablet is 7.9 inches. The company also unveiled a faster fourth generation full-size iPad.
Kevork Djansezian/Getty Images
A

pple on Thursday reported a net profit of $8.22 billion for the fourth quarter of the fiscal year, a 24 percent bump from the previous year. However, the stellar numbers fell short of what investors had expected, and iPad sales of 14 million also disappointed. Apple's supporters often complain that it's nearly impossible for the company to meet the stock market's lofty expectations.

EDITORS' PICKS

THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER

Subscribe to the Week