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April 26, 2016 10:37 pm GMT
Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8 percent in extended trading at one point today. Things went about as poorly as you could expect: the company couldn’t hit revenue or earnings targets, iPhone sales fell off a cliff from the year-ago quarter and its third-quarter guidance… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JKKWSimhxRE/
Why Apples stock fell off a cliff today
Apple took a more than $40 billion hit today after reporting its second-quarter earnings — and it was bleak. Shares of Apple were down more than 8 percent in extended trading at one point today. Things went about as poorly as you could expect: the company couldn’t hit revenue or earnings targets, iPhone sales fell off a cliff from the year-ago quarter and its third-quarter guidance… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/JKKWSimhxRE/
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