Apple forecast below Wall Street targets
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Apple Inc on Tuesday forecast a quarterly profit far below analysts' expectations and posted disappointing holiday-season iPod shipments, sending its shares down 12 percent on fears the weak economy would hurt the Macintosh maker.
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U.S. shares were expected to start slightly weaker on Tuesday on caution ahead of results from networking gear maker Cisco Systems  which will set the direction for technology stocks.
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Wall Street looked set to end the week on a weak note on Friday, with technology shares likely to fall after disappointing results from Microsoft Corp.  and Google Inc.
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The Motley Fool - Yesterday, I wrote about how everyone and their neighbor seems to gunning for a slice of Apple's (Nasdaq: AAPL - News) iPod and iTunes business. And while I still believe it's possible for News Corp.'s (NYSE: NWS - News) MySpace, Microsoft (Nasdaq: MSFT - News), and Sony (NYSE: SNE - News) to erode some of Apple's market share for downloadable music, I don't expect the company to passively stand by as revenues drop.
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U.S. stock futures pointed to a lower  market open on Tuesday, after a batch of downbeat earnings  news, including a sales warning from chipmaker Advanced Micro  Devices Inc. AMD.N ahead of an update from sector bellwether  Intel Corp. INTC.O.
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U.S. stock futures pointed to a flat to slightly higher open on Wall Street on Thursday, with technology shares poised to rise after Apple Inc.  and Cisco Systems Inc.  ended a trademark battle.
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The Nasdaq composite index jumped on Monday, outstripping gains on the Dow and S&P 500, as investors piled into technology shares ahead of Apple Inc's  quarterly earnings report.
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SAN FRANCISCO -- Apple Inc.'s price cut of its iPhone and new lineup of iPod players are expected to ring in healthy holiday sales, but Wall Street investors accustomed to Apple's meaty profit margins appear a bit disappointed.
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Investors appeared to second the optimistic views on Apple Computer's (AAPL) sales expressed by Wall Street analysts on Dec. 13. Apple's shares climbed 3.4% to $89.05 per share in late trading on the Nasdaq.
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A heavy gloom hanging over Wall Street  may deepen next week unless such bellwether companies as Apple  and United Technologies provide investors with hope that the  U.S. economy can avert recession.
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Stock futures signaled a flat to slightly higher open on Wall Street on Thursday, with technology shares poised to advance on news that Apple Inc.  and Cisco Systems Inc.  have ended a trademark battle.
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Wall Street was set for a soft start on Tuesday after a batch of downbeat earnings, including a sales warning from chipmaker Advanced Micro Devices  ahead of an update from sector bellwether Intel .
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There are miles to go before Apple shareholders reap.
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U.S. stocks headed for a sharply lower open on Wednesday as recession worries persisted and a weak profit outlook from iPod maker Apple Inc hurt technology shares, with the Nasdaq composite index on the cusp of a bear market.
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U.S. tech shares fell on Monday, led by a drop in Apple Computer Inc.  after a brokerage downgrade and as investors bet chip maker Qualcomm Inc.  would lose in legal disputes to rival Broadcom Corp. .
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You think low-priced products are going to cut down on profits at Apple? Think again.
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Apple Inc. plans to follow up its new iPhone with a less-expensive version based on the iPod nano, a JPMorgan financial analyst said yesterday.