Apple's US network partner AT&T this morning revealed positive financial results, boosted by its wireless unit profits climbed 22 per cent. However, investors were disappointed at the lack of any immediate breakdown in iPhone sales, sending Apple's stock on a downward trajectory, currently trading at $160.26 (down $7.90).
Investor anxiety is high at present, with deepening gloom in the US economy and depressing forward analyses of consumer electronic spending. And with Apple set to reveal its Q2 FY 2008 financial results tomorrow, lack of an admitted iPhone sales boost seems to have been sufficient to drive the sell-off, regarded by some on financial bulletin boards as representing particularly heavy trading.
Despite the malaise, AT&T d
