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Apple's Third-Quarter Earnings Report Triggers Sharp Share Decline

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Source: CNBC
Apple's Third-Quarter Earnings Report Triggers Sharp Share Decline
Photo: CNBC
TL;DR

Apple shares experienced their largest decline since September 2022, falling 4.8% after the company's fiscal third-quarter earnings report revealed a forecasted decline in revenue for the September quarter, marking the fourth consecutive quarter of decline. While Apple's earnings beat expectations, overall sales declined 1% due to weaker iPhone, iPad, and Mac sales. The stock's decline was attributed to the company's projection of similar sales in the upcoming quarter, despite indicating that iPhone sales would perform better with a 2% year-over-year decline.

Topics:top-newsbusiness#apple#business#earnings-report#iphone-sales#revenue-decline#stock-market
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  1. Apple shares fall most since September 2022 after third-quarter earnings report  CNBC
  2. Apple iPhone sales drop more than analysts' estimates, revenue falls for third straight quarter  Yahoo Finance
  3. Apple CEO: Apple Pay's Convenience Drives Record Payment Services Revenue  PYMNTS.com
  4. Apple's Next iPhone Needs to Be Irresistible  Bloomberg
  5. Apple's services will be the long-term growth driver: Analyst  Yahoo Finance

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