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Apple shares fall most since Sept. 2022 after third quarter earnings report

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Apple's earnings beat soft expectations on both profit and revenue, but overall sales declined 1% as iPhone, iPad, and Mac sales flagged.

Apple's decline on Friday was its worst day so far in 2023, and its largest loss since September 29 last year.

The stock slid after the company said that it expected another decline in revenue in the September quarter, although it signaled that iPhone sales would do better than a 2% year-over-year decline.CREATE FREE ACCOUNT Apple CEO Tim Cook listens as U.S. President Joe Biden speaks during a roundtable with American and Indian business leaders alongside in the East Room of the White House on June 23, 2023 in Washington, DC.

 

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