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.