Apple sells 48 million iPhones, but profit squeezed

NEW YORK (CNNMoney) -- Apple reported a record quarter on Wednesday, boosted by strong iPhone and iPad sales, but the popularity of cheaper versions of its mobile devices pinched the company's profits.

Apple stock falls below $500

NEW YORK (CNNMoney) -- The sell-off in Apple stock continued Tuesday, with shares falling below $500...again.

Business Journal Report (1-9-13)

In business news for Wednesday, January 9th, 2013 -- The Wall Street Journal reports Apple is working on a less expensive version of the iPhone that could debut this year.

Foxconn buys $200 million stake in GoPro

NEW YORK (CNNMoney) -- Foxconn, the Taiwanese manufacturing giant famous for its production of Apple products, announced Thursday that it has bought a 9% stake in much-buzzed-about camera maker GoPro.

Apple will make computers in the U.S. next year

(CNN) -- Apple will begin manufacturing a computer in the United States next year, says CEO Tim Cook, marking a shift in perhaps the most-criticized element of the company's beloved gadget empire.

Two top executives out at Apple

(CNN) -- Scott Forstall, one of the most visible faces of Apple in the wake of Steve Jobs' death, is leaving the company in a surprise shakeup at the head of Apple' ranks.

Amazon, Apple customers to get credits for price-fixed e-books

NEW YORK (CNNMoney) -- Amazon and Apple have informed some e-book buyers that they'll receive credits for future book purchases, as part of a recent settlement three major publishers signed to settle a price-fixing lawsuit.

Apple on iPhone 5 purple flare: You're aiming it wrong

(CNN) -- Apple has responded to complaints that some photos taken with the iPhone 5 show a purple flare, saying it happens to many smartphones when they're aimed near a light source like the sun.

iPhone 5 WiFi bug leads to giant cellular data overages

NEW YORK (CNNMoney) -- Scores of iPhone 5 users hit Apple's support forums over the past week to exchange anecdotal reports on a scary bug: Their phones appeared to be sucking down cellular data even when they were connected to a Wi-Fi network, resulting in big overages as they blew through their monthly data caps.