Apple stock drops despite jump in Q3 profit

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Customers examine a display at an Apple computer store in Boston Monday July 21 2008. Apple Inc. says its fiscal third-quarter profit climbed 31 percent from a year ago. It was helped by demand for its Macintosh computers and iPod media players. (AP ...
Customers examine a display at an Apple computer store, in Boston, Monday, July 21, 2008. Apple Inc. says its fiscal third-quarter profit climbed 31 percent from a year ago. It was helped by demand for its Macintosh computers and iPod media players. (AP Photo/Steven Senne)

(AP) -- Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.


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