Apple Shares Drop After Disappointing Quarter
Apple Inc (AAPL.O) on Tuesday forecast a quarterly profit below analysts' expectations and posted disappointing holiday-season iPod shipments, sending its shares down 11 percent in after hours trade on concern consumers were cutting spending.
Stock market futures and shares of technology giants including Google Inc (GOOG.O) and Microsoft Corp (MSFT.O) fell in Apple's wake, after a frenzied day that saw the Dow Jones industrial average fall 1 percent and Nasdaq drop 2 percent amid mounting fears for the U.S. economy.



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Reuters | Scott Hillis | January 22, 2008 09:50 PM