Wednesday February 26, 2020

Apple shares bruised, but core still appears sound

Apple may have taken a tumble in recent days, but the future’s still bright for the tech giant, according to analysts.

26th July, 2015
Tim Cook, Apples chief executive, described the companys recent results as amazing. Photo: Getty

Despite strong quarterly results, Apple’s share price tumbled last week as the company’s sales figures and its outlook for the coming months raised some concerns among analysts and investors.

Last Wednesday in New York, Apple’s share price saw its biggest drop in 18 months, dropping back by 4.2 per cent.

With quarterly revenue rising to just under $50 billion, and quarterly net profit up to $10.7 billion, the latest missive from...

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