$AAPL Fails to Impress Despite a Revenue Beat

$AAPL beats on revs, shows slow subscriber-ship growth in China, the U.S., and guides slightly lower than Wall st. forecasts. More downside action may be had as Cook says the next big thing comes in the latter half of 2014.

To soothe investors the company more than doubles its current capital plan by taking out a line of debt to fund a stock repurchase program.

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