iPhone Sales Run Hot and Cold

[ECTNews]

 Apple reported details on its final fiscal quarter of 2011 Tuesday, claiming revenue of $28.27 billion and profit of $6.62 billion. Both figures bested their respective year-ago results. Though the quarter's performance exceeded Apple's own forecasts, which are typically very conservative, they did not meet the expectations of many Wall Street analysts, and AAPL shares nosedived by over 6 percent in after-hours trading minutes after the report was released. Much of the analyst disappointment reportedly centered on iPhone sales.

e-Commerce Times