Apple loses juice: Profits miss

Although iPad sales have sagged lately, don’t worry about an iPad recession.  Sales of Apple’s blockbuster tablet device totaled 14 million units in the three months ended Sept. 30, missing Wall Street expectations and falling short of the previous quarter’s tally of 17 million.

The iPad sales disappointment — which may have been the result of some Apple fanatics’ putting off a purchase in anticipation of the iPad Mini — coupled with higher-than-expected costs brought on by Apple’s all-out sprint to bring new products to stores in time for the holiday season, led the tech titan to forecast lower-than-expected profits in the current quarter.

For the current quarter, Apple warned it expects earnings of about $11.75 a share — sharply below the Street’s forecast of $15.41 a share…..

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