Since September 2022 Apple Shares Fall Most After Quarter 3 Earnings Reports Came Out

By Sparsh Manglesh Last updated Aug 6, 2023 Share with new partner:

By TechCrunch

Apple shares fell 4.8% on Friday after the company released its third-quarter earnings that saw the company forecast a decline in revenue in the September quarter, which would be the company’s fourth in a row.

Apple’s decline Friday was its worst day so far in 2023, and its largest loss since largest loss in Sept last year.

The iPhone maker opened at USD 185.52 and closed at 181.99 on August 4.

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

The stock slid after the company said it expected similar sales in the September quarter, although it expected that iPhone sales would do better this year.

The decline in Apple’s hardware was covered by its strong performance in the company’s profitable services divisions, which grew 8% and is expected to grow even faster in this current quarter.

Sparsh Manglesh

Disclaimer (varies based on content, section, category, etc.): News articles on this site may contain opinions of the author, and if opinion, may not necessarily reflect the views of the site itself nor the views of the owners of The Published Reporter. For more information on our editorial policies please view our editorial policies and guidelines section in addition to our fact checking policy and most importantly, our terms of service. All links on this site could lead to commissions paid to the publisher. Please see Advertising Disclosure in sidebar.

Subscribe to Sparsh Manglesh (via RSS) or a specific category with our Feedburner Feeds.

Comment via Facebook

Corrections: If you are aware of an inaccuracy or would like to report a correction, we would like to know about it. Please consider sending an email to [email protected] and cite any sources if available. Thank you. (Policy)

Prev Post

US Women’s Soccer Team Bows Eliminated From Women’s World Cup 2023 After a Dramatic Loss to Sweden

Next Post

Pony.ai and Toyota Collaborate for Mass Production of RoboTaxis In China

Comments are closed.

Advertising Disclosure

This site participates in the Amazon Associate program and earns revenue from qualifying purchases (links to books or products). Other advertisers include direct sales and third party ad networks such as Google, OutBrain and NewsMax which may display ads from a variety of advertisers. Clicking anything on this site including individual links, images, events, banners (even ads that appear to be content) could result in payment to, or a commission being earned by The Published Reporter. Please see our Terms of Service (earnings disclosure / ownership section).

Web
Analytics