As is often the case, Apple’s outlook for the current quarter was less than some investors were hoping. The company said to expect revenue of $41 billion to $43 billion as opposed to the more than $45 billion that many analysts had been projecting.
Apple will get to have its say on the quarter in a conference call with investors, due to start around 2 p.m. PT. AllThingsD will have live coverage and analysis here.
4:54 pm: As the hold music continues to play, Apple shares are now down more than 5 percent in after-hours trading, changing hands recently at $487.43 a share, down $26.58.