By editor
Originally published on Wed July 25, 2012 5:41 am
A spike in iPad demand wasn't enough to offset slower iPhone sales in the third quarter as Apple Inc. reported lower-than-expected revenues, sending its after-hours stock price on a 5 percent dive.
The company announced third-quarter revenue of $35 billion, or $9.32 per share; earlier, Bloomberg had projected $37.22 billion, or 10.37 per share.
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