Apple briefly falls below $1 trillion value after decision to hide future sales figures

Discussion in 'Industry News' started by MIG-31, Nov 2, 2018.

  1. MIG-31

    MIG-31 HardwareHeaven News Mod Staff Member

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    Apple's Q4 2018 earnings were nothing less than impressive, with the company raking in over $62.9 billion dollars during the quarter, an impressive gain of 20% year-over-year. However, despite those stellar numbers, Wall Street was less than impressed with the tech giant, and its share price quickly fell following the earnings call. The company even briefly fell below the trillion dollar valuation it had achieved earlier this year.

    Wall Street's sour reaction to the company's earnings emanates from two main concerns. While the company's revenues exceeded analyst expectations, investors were concerned about the company's future prospects, as the earnings reports included an ominous indication that the company's revenue next quarter - normally the busiest time of the year for Apple due to the holiday season - may be below analysts' expectations of $93 billion.
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    Source: Neowin
     

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