Apple's Profits Rise But iPad Sales Disappoint Apple has posted its fourth quarter earnings and both revenue and profit were the highest in company history. Nonetheless, Wall Street wasn't completely happy. Apple sold 4.2 million of its new tablet-style computer -- fewer than the approximately 5 million analysts, on average, had expected.
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Apple's Profits Rise But iPad Sales Disappoint

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Apple's Profits Rise But iPad Sales Disappoint

Apple's Profits Rise But iPad Sales Disappoint

Apple's Profits Rise But iPad Sales Disappoint

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  • <iframe src="https://www.npr.org/player/embed/130663644/130663657" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Apple has posted its fourth quarter earnings and both revenue and profit were the highest in company history. Nonetheless, Wall Street wasn't completely happy. Apple sold 4.2 million of its new tablet-style computer — fewer than the approximately 5 million analysts, on average, had expected.

STEVE INSKEEP, Host:

Apple's latest revenues and profits were once again the highest in company history, and still, these results were not enough for Wall Street, as NPR's Wendy Kaufman reports.

WENDY KAUFMAN: Yesterday's earnings call had a surprise participant, Apple CEO Steve Jobs, who spent much of his time deriding Apple's competition, especially Google's approach to mobile devices with its Android operating system.

STEVE JOBS: There will be at least four app stores on Android which customers must search among to find the app they want and developers will need to work with to distribute their apps and get paid. This is going to be a mess for both users and developers.

KAUFMAN: Wendy Kaufman, NPR News.

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