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market movers

Some on Street hang up on new iPhones

Investors were also disappointed over a lack of bigger phone features.
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Investors were also disappointed over a lack of bigger phone features.
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Apple Inc.’s shares slid as a pricier-than-expected iPhone 5C dulled hopes of a major expansion into lower-end markets such as China, while a fingerprint scanner-equipped premium version fell short on hardware advancements. But the 5C and costlier 5S won some fans among Wall Street analysts, who said preserving a premium price can safeguard Apple’s already declining margins. Others said Apple was missing an opportunity to reverse slipping market share and drive significant sales growth.