FinanceSiliconANGLEabout 2 hours ago
Apple Stock Drops After New CEO Earnings Call
6 min read
Apple stock fell almost 3% after new CEO John Ternus delivered the first earnings call since taking over from Tim Cook on Sept. 1. While fourth-quarter earnings beat Wall Street targets with revenue up 12% to $114.48 billion, iPhone sales missed expectations and guidance for the current quarter disappointed investors seeking 11.4% growth instead of the forecasted 7% to 10%.
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