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Weak iPhone Sales Shock Apple Shares

AT&T profits up, but stock takes hit after hot gadget cools

By Heather McPherson,  Newser User

Posted Jul 24, 2007 4:18 PM CDT

(Newser) – Sales of the iPhone, the joint Apple-AT&T venture that jolted the tech world in June, have cooled—only 200,000 units moved this month, compared to an estimated 700,000 during the premiere weekend alone. Apple shares were down more than 6% today on...   Read full story »

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