July 22, 2008:Apple shares fall despite record quarterly revenues

Apple shares fall despite record quarterly revenues

Apple has reported record revenues for the second quarter of this year, with $7.46 billion revenues – 38% up on Q2 last year – and a net quarterly profit of $1.07 billion. During the quarter, Apple sold 717,000 iPhones, but interestingly iPod sales also rose 12% year-on-year to more than 11 million. Meanwhile, Apple says…

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