Apple issues third-quarter earnings warning

Apple today issued an earnings warning, saying the company expects to post revenues of about US$1.4 billion to $1.45 billion in its June quarter, down from previous estimates of about $1.6 billion. Apple attributed the lower revenues primarily to soft demand in the consumer and creative markets, and said revenues in Europe and Japan have become especially weak. Apple now expects to post a profit of $0.08 to $0.10 per share, down from estimates of $0.11.

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