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(Image from article: "Cisco Shuts Down Flip, Its Video Camera Unit")

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Apple blames iPhone rumors for disappointing results

Apple Inc stunned Wall Street by reporting results that missed expectations for the first time in years, blaming rumors of the new iPhone for hurting demand in the September quarter.

 

Cisco Shuts Down Flip, Its Video Camera Unit

Cisco Shuts Down Flip, Its Video Camera Unit

The Flip video camera had been one of the great hardware-start-up successes of the previous decade, but it lost traction as the smartphone came on the scene.

 

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