Record quarter for Apple, yet penalized the market
Apple closed a strong quarter, with revenues and profits exceeding expectations, mainly due to strong iPhone sales. However, the stock price fell significantly after the report, because the services segment and Chinese revenues fell short of analyst estimates, and management warned of significant supply difficulties in the coming months.
Apple closed a strong quarter, with revenue and profit exceeding expectations, mainly due to strong iPhone sales. However, the stock price fell significantly after the positive earnings report, as the services business and Chinese revenue fell short of analyst estimates, and management warned of significant supply challenges in the coming months.
