Apple revenue misses, iPhone disappoints

Published January 23, 2013

| Reuters

Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below analyst targets, sending its shares down more than 4 percent.

Apple said its fiscal first quarter revenue rose to $54.5 billion, below the average analyst estimate of $54.73 billion, according to Thomson Reuters I/B/E/S.

(Reporting By Poornima Gupta; Editing by Bernard Orr)