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July 25, 2007

Apple Shares Drop On iPhone Bad News


Apple

Shares of Apple fell 4 percent on Tuesday after AT&T issued initial subscriber numbers for customers of Apple's iPhone that were below analyst estimates reports Eweek

AT&T, said it signed up 146,000 iPhone customers as subscribers in the first two days of iPhone sales. Pacific Crest analyst Andy Hargreaves said that while iPhone sales figures for coming months would be more telling than the first few days, AT&T's number had disappointed investors as some analysts estimated sales "north of 500,000."







 

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