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Apple Shares Plunge As Growth Appears To Stall (page 2)

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File photo of Apple CEO Tim Cook (Photo by Justin Sullivan/Getty Images)

File photo of Apple CEO Tim Cook (Photo by Justin Sullivan/Getty Images)

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Late Wednesday, Apple reported October-December earnings that were flat compared with the year before. It predicted sales growth for the current quarter of around 7 percent —far from the 50-percent-plus rate it’s often hit in recent years. Analysts believe Apple is unable to fully capitalize on the global smartphone boom with just one new —and very expensive— phone model every year.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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