Tag: apple earnings

Apple finds itself in correction—whereby a stock declines by at least 10% from its peak—following what has been a chaotic month of August. Since the start of the month, the tech company's stock has slumped by 10.8% to $175.07; outpacing the 4.8% fall of...

Apple shares slumped by as much as 2.5% lower during after-hours trading on Thursday night following the release of the company's second-quarter financial results. The tech giant's revenue for the three months ending June declined by 1.5% amid a third quarterly decline in iPhone sales....

Apple is approaching a valuation of $3 trillion after its stock surged throughout since the start of the year. The company's shares are up 35% for the year to date, outpacing the 9% growth of the S&P 500. The highest-valued company on the New York...

Apple's stock rose by 2% on Friday after the tech giant reported better-than-expected earnings for the first quarter of 2023. CEO Tim Cook admitted that the company's earnings were better than he expected. Despite a fall in overall sales, Apple's iPhone sales surged by $51.33...

Apple Inc. produced over $7 billion worth of iPhones in India during the last fiscal year, thereby tripling its annual production in the country. This comes as the company transitions away from its reliance on Chinese production. Now, Apple manufactures around 7% of its iPhones...

Apple Inc.'s personal computer shipments fell by 40.5% during the first fiscal quarter, thereby following the industry trend of companies struggling to sell excess inventory. The company's shares fell by 1.7% following the announcement. During the same period of Apple's decline, shipments across PC makers...