Apple shares slump 12%

Apple's shares have slumped 12% after as figures for the Christmas period showed its rocket-like growth had continued to stall.

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Apple shares tumble by 12 percent

Apple announced weaker-than-expected iPhone sales figures yesterday Credit: PA

Shares in technology giant Apple today slumped by 12 percent after poor sales figures were announced.

Shares plunged to $451 on the Nasdaq stock exchange following slow Christmas sales of the iPhone 5, wiping more than £30 billion from the company's market value.

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Apple sold record 22.9 million iPads in late 2012

  • Apple shifted 47.8 million iPhones.
  • A record 22.9 million iPads were sold between October 1 to December 31 last year.
  • The tech company shifted 12.7 million iPod portable media players.
  • Only 4.1 million Mac laptop and desktop computers were snapped up - down 1.1 million in the same period during 2011.
  • The tech giant's sold 75 million devices using Apple's iOS operating system.

Apple's record revenues fall short of expectations

Apple posted record revenues for the last three months of 2012 but still managed to fall short of market expectations.

Apple's growth has stalled. Credit: Stefan Rousseau/PA Wire

The computer giant's rocket-like growth stalled with earnings of £8.2 billion remaining flat compared to the year before - marking the first time the technology company had not boasted double-digit increases in earnings for years.

Revenue from October 1 to December 31 last year came in at a record £34.4 billion ($54.5 billion) but fell short of the $55 billion forecast by Wall Street.

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