Apple's global legal battle against Samsung's Galaxy tablets was dealt a blow in the U.K. this week when a judge ordered Apple to inform consumers on its U.K. web site and in British newspapers that Samsung did not copy the tech giant's designs for the iPad in its own tablet device.
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Apple was shy of quarterly earnings expectations, a rare miss for a company that has been firing on all cylinders for several years, and investors were punishing the lackluster performance by selling shares after the closing bell on Tuesday.
Apple reported that it earned $8.8 billion in its fiscal fourth quarter, or $9.32 per share. While that’s up from $7.3 billion and $7.79 per share a year ago, it was short of the $10.37 per share that analysts were expecting.
PHOTOS: Apple Products in TV and Movies
Revenue rose 23 percent to $35 billion, which was short of the $37.5 billion expected by analysts.
While it bested expectations by selling 17 million iPads, it was at the low end of estimates by selling 26 million iPhones. Chief Financial Officer Peter Oppenheimer said iPhone sales “continue to be impacted by rumors and speculation about new product.”
Apple shares fell fractionally on Tuesday to $600.92 though after the closing bell the stock was off as much as 6 percent more.
The company on Tuesday also declared a cash dividend of $2.54 per share that will be paid to sharehoders of record on Aug. 13.
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