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Apple's Earnings: No Fireworks, Not Yet

Cook
CookPhotograph by Noah Berger/Bloomberg

“Oh, O.K.”

That seemed to be the market’s reaction to Apple’s not-terribly dramatic fourth-quarter earnings report on Monday. (Apple’s fiscal year ends one quarter earlier than the calendar year.) The company posted numbers that were more or less in line with analysts’ estimates; shares, which closed at around 530 a share on Monday, fell as much as 5.1 percent after hours, before bouncing back to a value of around $528.