Apple shares slide on forecasts

Shares in iPod maker Apple have fallen, despite rising profits, as investors fretted about the firm's outlook.

Traders said investors were focusing on disappointing computer sales and a warning that profits for the three months to March would miss forecasts.

The drop came despite profits rising 78% in the three months to 30 December on strong iPod music player sales.

Shares in Apple closed down $5.88, or 6.19%, at $88.83 on New York's technology-focused Nasdaq index.

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