Apple Shares Decline on Signs IPhone Sales, Demand May Be Disappointing

(Bloomberg) -- Apple Inc. shares fell as much as 5
percent on signs that demand for the new iPhone may fail to meet
investors' expectations.

Activations from AT&T Inc., the exclusive carrier for the
iPhone, are a ``disappointment,'' Piper Jaffray & Co. analyst
Gene Munster said today. Apple probably sold 200,000 of the
devices in the quarter that ended in June, he said.


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