But revenue and earnings beat Wall Street estimates.
Crisis? What Crisis? Apple has given a fillip to shareholders worried about the impact of Steve Jobs' ill health on the company by issuing a strong set of Q1 financials.Revenue rose 5.8 per cent to $10.2 billion in the quarter ending Dec 31st, while net profit rose to $1.61 billion, beating Reuters estimates on strong sales of iPods and Macs.
However, sales of the iPhone fell sharply from the fiscal Q4 in which the 3G model launched to 4.3 million units - analysts had been predicting five million units.
Reuters says many analysts it spoke to would like a new device launch this year or price cuts to drive momentum through the difficult economic conditions, though in an earnings call Apple said it is "not going to play in the low-end" of voice.
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