Apple below $500 after hours on weak view
Netflix shares rocket higher after results
LOS ANGELES (MarketWatch) — Apple Inc. shares slid below $500 late Wednesday, knocked down after the tech heavyweight’s sales forecast and quarterly revenue came in weaker than anticipated, while a surprise profit at Netflix Inc. set off a rally in its shares. http://www.marketwatch.com/story/apple-result...2013-01-23
Apple shares (NASDAQ:AAPL) tumbled 11% to $459.72 in heavy volume, trading at levels not seen in nearly a year as the company said its expects fiscal second-quarter revenue of $41 billion to $43 billion. Analysts polled by FactSet currently expect $45.6 billion in sales.
For the fiscal first quarter, total iPhone shipments were 47.8 million, shy of the roughly 48 million Wall Street expected. Read more about Apple’s results, forecast.
