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Apple revenue misses, iPhone disappoints

SAN FRANCISCO | Wed Jan 23, 2013 4:35pm EST

SAN FRANCISCO Jan 23 (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.
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