Daily Archives: July 24, 2012

Apple’s third-quarter results have fallen short of Wall Street expectations, in a rare miss for the maker of the iPhone.

Apple reported revenues of $35bn and profits of $8.8bn or $9.32 per share, compared to an analyst consensus forecast of  $37.2bn and $10.37 per share. Its shares fell 5 per cent to $570.00 in after-hours trading on the news in New York

Apple’s chief executive and chief financial officer were  questioned by analysts on the miss – caused mainly by lower-than-expected iPhone sales – on the company’s earnings call.  Our live blog from that event is after the jump. Read more