Stocks Crossing 50-Day SMA 01/23: (OIBR) (CHKP) (T) Above; (KGC) (TGT) (STRI) Below

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Apple (AAPL) Slammed; Q1 Results Shows Zero Profit Growth, Sales Miss Estimates

January 23, 2013 5:40 PM EST

It's official, the mighty Apple (Nasdaq: AAPL) has stopped growing profits. Shares of the iPhone giant are under heavy pressure after-hours Wednesday following uninspiring first quarter results that beat analyst estimates on the bottom-line but missed on the top-line. Also, iPhone sales, while strong, failed to live up to loft expectations. The company is also getting more 'realistic' on its forward guidance.

For the first time in recent memory, Apple has failed to grow profits. The company posted net profit of... More