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    Apple shares slump over growth concerns

    euronews (in English)

    by euronews (in English)

    Apple shares have plunged nearly nine percent after investors showed concern that the hi-tech giant may be losing steam.

    Despite strong demand for iPhones and iPads pushing up sales to a record $57bn, (41bn euros) the company saw its value slump.

    Investors just cant get used to single digit growth rather than the double digit bonanza in previous years.

    However profits for the first quarter still came in at over $13bn (9.5bn euros) and crucially for analysts, the firm said revenue rose by 29 percent in the greater China region, which includes China, Taiwan, and Hong Kong, compared to the same period last year.