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Final Note

Apple reports fourth quarter results

Kai Ryssdal Oct 18, 2011

This final note today, which can properly be filed under the ‘What the heck does Wall Street know, anyway?’ label.

Apple reported fourth quarter profits after the closing bell today. A tidy $6.6 billion straight to the bottom line.

Not, though, apparently enough for Wall Street, which sent Apple shares down 8 percent in after-hours trading. That’s the same Apple that sold 4 million new iPhones this past weekend.

And yes, I know this past weekend doesn’t in last quarter’s profits, but c’mon. The things are like printing money.

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