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The report comes after Jefferies and Loop Capital downgraded Apple’s stock last week on fears of sluggish iPhone sales. Oppenheimer also downgraded shares on Wednesday, citing slower iPhone growth.
After a busy week for Big Tech earnings, the market will be focused on two key events in ... with the average stock, as proxied by the S&P 500 Equal Weight Index, down 13%, small caps down 18% ...
Apple gained 3.4% in premarket trading after its earnings on Thursday, when executives forecast relatively strong sales growth, a sign the company would recover from a dip in iPhone sales as it ...
Apple on Thursday reported earnings per share of $2.40 on revenue of $124.3 billion — higher than the EPS of $2.35 and revenue of $124.1 billion analysts had anticipated, according to Bloomberg ...
Jefferies forecasts that iPhone revenue will decline 0.4% year over year for the first quarter, while total Apple sales will grow 2.8%, lower than the firm’s prior estimate of 4.6%.
The disappointing forecast, coupled with the lukewarm results for the past quarter, ... caused Apple's stock to fall 2% in Thursday's extended trading. ... it will push Apple's market value below ...
Wall Street analysts forecast Apple's full-year revenue to increase 8% in fiscal 2025, with earnings up 12%. If it beats those numbers, Apple stock could hit Morgan Stanley's target within the ...
Apple is set to report fiscal fourth-quarter earnings results after the market close on Thursday. ... of Apple's iPhone 16 sales. The stock was trading at $230.40 at 1:50 p.m. ET, down by about 1. ...