Apple Reports Record Results but Weak Revenue Outlook
Financial chief says forecast reflects earlier release of priciest iPhone, emerging markets, forex; Shares fall in after-hours trading
Apple Inc. reported its fourth consecutive quarter of record revenue and profit, as the combination of higher iPhone prices and strong app-store sales propelled the technology giant to its best year ever.
But the world’s most valuable company offered guidance for the current period that disappointed many investors, and said it would stop reporting unit sales for its products—a measure closely watched by investors—raising questions about the prospects for strong sales of new gadgets it has unveiled in the past two months.
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