Slowing iPhone sales hurt Apple | Bangkok Post: news

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Slowing iPhone sales hurt Apple

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NEW YORK - Apple took a fresh bruising on Thursday after a gloomy forecast accompanying its record quarterly profits prompted pessimism over the tech giant's slowing growth trajectory. 

Apple shares slid 9.9 percent to $462.96 in early trade, extending the decline from record highs above $700 last year.

"We don't think the Apple growth story is over but shares will likely languish until confidence is restored," said Sterne Agee analyst Shaw Wu.

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