[Reuters] Apple blames quarterly miss on new model anticipation, economy

Posted by: UGN Security

[Reuters] Apple blames quarterly miss on new model anticipation, economy - 07/24/12 03:43 PM

SAN FRANCISCO (Reuters) - Apple Inc's results fell short of Wall Street's expectations as the European economy sagged and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its stock price.