Apple briefly halted after-hours trading of its shares, which plunged 2 percent following the release of its fourth-quarter earnings that came in below analysts expectations, Reuters reported. Apple reported revenue of $36 billion, net income of $8.2 billion and earnings-per-share of $8.67, when analysts polled by Thompson Reuters had expected $8.75-per-share.
The world’s most valuable company sold 26.9 million iPhones and 14 million iPads during the quarter, about as many iPhones (26 million) and fewer iPads (down from 17 million) in the third quarter, but both up from a year ago.
