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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines