Qihoo 360 (QIHU) Drops; Apps Removed from Apple (AAPL) iTunes, CFO Says
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Qihoo 360 Technology (NYSE: QIHU) is getting pressured Monday following commentsby CFO Alex Xu to Bloomberg.
In an emailed statement, Xu said that most of Qihoo's apps have been removed from Apple's (Nasdaq: AAPL) iTunes store. Xu said the company is in "close communication" with Apple and he expects the situation to be temporary.
Shares of Qihoo are down 3.5 percent.
In an emailed statement, Xu said that most of Qihoo's apps have been removed from Apple's (Nasdaq: AAPL) iTunes store. Xu said the company is in "close communication" with Apple and he expects the situation to be temporary.
Shares of Qihoo are down 3.5 percent.
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