Apple sags as consumers buy cheaper iPhones

In this Thursday, July 19, 2012, photo, an Apple worker, left, gives a tutorial on Apple iPad to customers at an Apple store in Palo Alto, Calif. Apple Inc. reports quarterly financial results after the market closes on Tuesday, July 24. (Paul Sakuma)

July 25, 2012 12:40:25 AM PDT
More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow.