For the first time in six years, Apple's quarterly earnings missed analyst estimates. Apple's explanation. iPhone sales slowed down as consumers entered a holding pattern in anticipation of Apple's next smartphone release. In an earnings call Tuesday afternoon, Apple blamed rumors for the drop in sales, saying that product speculation “reached extreme highs.”.
Apple reported profits of $28.27 billion this quarter, or $7.05 per share. Analysts predicted that Apple's profit per share would reach $7.31, making this the first “disappointing” quarter in the company's past 64.
Gadget Lab, Apple Misses Q4 Earnings Estimates, Blames Excessive Rumors
No comments:
Post a Comment