Apple shares fall on Christmas earnings statement

Apple shares fell over 10 per cent in after-hours trading after the company posted weaker-than-expected financial results for the 2012 Christmas period.

23rd January, 2013

Apple shares fell over 10 per cent in after-hours trading after the company posted weaker-than-expected financial results for the 2012 Christmas period.

The company posted revenues of $54.5 billion and a profit of $13.1 billion for the 13 week period to the end of 2012. The figure represents an 18.5 per cent rise in sales compared to the same period last year. However, its profit was unchanged from the same financial quarter in 2011, resulting in a...

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