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Bellwether companies of the new economy. The tech sector makes up 20 of the s p 500 by the way, tonight both companies, which you likely own through your mutual funds and 401 k s, they failed to wow investors. First, apple. The worlds most valuable company, reported earnings of 1. 85 a share. Revenue was slightly better at 49. 6 billion. Whats the problem . Despite selling more than 47 million iphones in the quarter, yeah you heard me right, it was the companys weak outlook that sent shares initially lower. A lot lower after that report. Josh lipton has the key takeaway from apples results. The big number in apples latest Earnings Report 47. 5 million. That is the number of iphones apple said it shipped in the quarter, now, that was up 35 year over year but was also basically in line with what wall street expected. Analysts had forecasted apple would ship some 47. 3 million iphones in a conversation with apples ceo tim cook. He told me that only 27 of the companys install base had move

New yorkUnited statesWest bankDistrict of columbiaSharon eppersonDavid choJosh liptonMeg terrellFred hassanLarry bhk donaldJeb bushJohn harwoodHillary clintonDavid garrityTim cookLarry mcdonald