SAN FRANCISCO (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 (34.4 billion pounds), 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)
Source: http://news.yahoo.com/apple-revenue-misses-iphone-disappoints-213706938--finance.html
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