AAPL Opens at $144, Sliding Nearly 10% After Major Revenue C...
AAPL has opened at $144 today on the stock market, with share prices sliding roughly nine percent after Apple lowered its revenue guidance by up to $9 billion for the first quarter of its 2019 fiscal year. AAPL is down just over 35 percent since closing at $222.22 on November 1, just prior to its last earnings report. In a letter to shareholders on Wednesday, Apple disclosed that its revenue will be lower than its original guidance for the first quarter of its 2019 fiscal year, coming in at approximately $84 billion. Apple originally guided for revenue of $89 billion to $93 billion in the quarter on November 1. The letter said lower than anticipated iPhone revenue, primarily in Greater China, accounts for the entire shortfall. More details to follow…Tag: AAPLThis article, "AAPL Opens at $144, Sliding Nearly 10% After Major Revenue Cut and Down 35% Since Early November" first appeared on MacRumors.comDiscuss this article in our forums [read more]
MacRumorsJan 3 1:33
2 weeks ago