Apple’s profit rocket hits air pocket

New Gadgets | Thursday January 24 2013 12:33 am | Comments (0) Tags: , , , , , , , , , , , , , , , , , , ,

FILE - In this Oct. 20, 2012 photo, people line up to enter a newly-opened Apple Store in Wangfujing shopping district in Beijing. Apple's profit surge halted in the latest quarter, as a flood of new products like the iPhone 5 meant high start-up costs for new production lines. Apple posted net income for the October to December quarter that was flat with the year before. It was the first time in years that Apple didn't post a double-digit earnings increase. (AP Photo/Andy Wong, File)NEW YORK (AP) — Apple's blockbuster revenue growth is slowing drastically, as iPhone sales plateau and the company finds itself lacking revolutionary new products.

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Apple’s profit rocket hits air pocket

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