*Disappointing iPhone sales triggered a sharp sell-off in Apple stock* in after-hours trading, despite the company beating earnings and revenue estimates in its December quarter. Despite setting a new record for the company, Apple’s 51m iPhone sales compared with forecasts of more than 55m, sending its shares down more than 8 per cent after its earnings were published on Monday. (Financial Times)
Apple earnings announcements are best described as a Rorschach test, says Lex. There is so many data from so many gadgets pointing up, down and sideways that no particular conclusion is incorrect – or correct.
Continue reading: The 6am London Cut Reported by FT.com 2 days ago.
Apple earnings announcements are best described as a Rorschach test, says Lex. There is so many data from so many gadgets pointing up, down and sideways that no particular conclusion is incorrect – or correct.
Continue reading: The 6am London Cut Reported by FT.com 2 days ago.