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Apple takes conservative stance for 1Q outlook



By AP
22 October 2008 @ 08:14 am AEST

CUPERTINO, Calif. - Apple is offering wide-ranging guidance for the current quarter and says that is "prudent" in an uncertain economy.

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For the quarter that ends in December, Apple Inc. says it expects to earn $1.06 to $1.35 per share on sales of $9 billion to $10 billion.

Both would be below current forecasts. Analysts surveyed by Thomson Reuters had expected Apple to post a profit of $1.65 per share on sales of $10.57 billion.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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