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Apple’s Invincibility Fades On iPhone Miss, Global Woes


Apple Inc’s biggest success has become its biggest risk factor.

The iPhone revolutionized the smartphone industry, driving Apple’s expansion into Europe and China and, after just half a decade, yields about half its annual $100 billion revenue haul.

But the world’s most valuable technology company — which throughout the global recession near-unfailingly smashed Wall Street forecasts — is beginning to lose its aura of invincibility.

Source: Reuters

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