Apple earnings show iPhone sales miss amid questions about smartphone demand; stock dips

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Apple fell short of expectations on quarterly iPhone sales and sent its stock down 1% to 4% in after-hours trading. $AAPL delivered $90.1 billion in fiscal fourth-quarter revenue, up from $83.4 billion a year earlier.

Apple Inc. joined the chorus of Big Tech woes Thursday, falling short of expectations on quarterly iPhone sales and sending its stock lower in late trading.

The stock was down 1% to 4% in after-hours trading immediately following the release of the report Thursday. For the latest quarter, Apple recorded net income of $20.7 billion, or $1.29 a share, compared with $20.6 billion, or $1.24 a share, in the year-earlier period. Analysts tracked by FactSet were expecting $1.27 a share in earnings.

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It missed on services as well and should be taking a much bigger loss like the rest of the sector. Seems fake.

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