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Apple revenue up but shares slip; In Brief.

NEW products helped post record revenue figures for Apple during the last quarter - though company shares slumped dramatically in after-hours trading.

Shares dropped by as much as 7.5 per cent in the 30 minutes after trading in the US, as its lofty iPhone sales predictions fell slightly short of initial predictions.

It was the first period fully taking into account sales of the iPhone 5s and iPhone 5c, as well as marking the launch of the iPad Air and iPad mini.

According to new figures, Apple's revenues hit 57.6 billion US dollars for the last three months of 2013 - which is a new quarterly record for the company.
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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Jan 29, 2014
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