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Analysts: Investors Losing Faith in Apple Forecast

Time: 00:57 EST/05:57 GMT | News Source: Reuters | Posted By: Erick Cordero

Apple Computer Inc.'s financial projections are so conservative that they now may carry less weight for investors -- and could even call into question Apple's ability to maintain its lofty stock price.

The Mac computer and iPod maker blew away its own profit forecast by 70 percent on Wednesday, which usually would be met with wild cheers from investors. But instead, the stock sank as much as 10 percent on Thursday.

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