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Apple suffers stunted growth

11:01 AM, Apr. 24, 2013
In this Monday April 1, 2013 photo, a man leaves an Apple store with an iPhone and an iPad in his hands in central Beijing, China. Apple Inc., the maker of the iPhone and iPad, reports quarterly financial results after the market closes on Tuesday. April 23, 2013. (AP Photo/Alexander F. Yuan)
In this Monday April 1, 2013 photo, a man leaves an Apple store with an iPhone and an iPad in his hands in central Beijing, China. Apple Inc., the maker of the iPhone and iPad, reports quarterly financial results after the market closes on Tuesday. April 23, 2013. (AP Photo/Alexander F. Yuan)
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Apple narrowly beat quarterly earnings expectations, but the report is actually causing investors to wonder if the company can turn itself around despite slowing growth in the smartphone market.

Slowing growth and falling profit margins underscore why analysts have turned so pessimistic on the gadget maker's longer-term future. The company's quarterly net income fell 18 percent to $9.5 billion, the first time it has reported lower profit since 2003, S&P Capital IQ says.

Apple made some moves to quell the growing skepticism of the stock. It boosted its quarterly dividend by 15 ...

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