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News Summary: Apple sales warning tugs Nasdaq down

  • Article by: The Associated Press
  • Associated Press
  • January 24, 2013 - 4:08 PM

BAD APPLE: Apple plunged 12 percent. With iPhone sales hitting a plateau and no new products to introduce, Apple said sales would likely increase just 7 percent in the current quarter.

COUCH-POTATO POWER: Netflix soared 42 percent after reporting that it turned a profit with the help of 2 million new subscribers for its video service.

FINAL SCORE: The Dow Jones industrial average rose 46 points to close at 13,825. The Nasdaq lost 23 to 3,130. The drop in Apple's stock, which makes up 10 percent of the Nasdaq, was enough to pull the index lower.

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