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Article updated: 10/26/2012 7:09 AM

Apple misses Wall Street 4Q expectations

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Employees cheer customers as they enter a newly-opened Apple Store in Wangfujing shopping district in Beijing.

Associated Press

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Apple missed Wall Street earnings expectations for the second straight quarter, as iPad sales fell short of analyst forecasts.The slowdown in the growth of iPad sales was not unexpected, as the rumor mill correctly predicted that Apple Inc. would launch a smaller, cheaper iPad. It announced that device, the iPad Mini, on Tuesday.
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