Has Apple’s popularity peaked?
After Apple failed to sell as many iPhones in its third quarter as analysts had hoped, more than $66bn of Apple’s value has been wiped due to fear that popularity has peaked.
After Apple failed to sell as many iPhones in its third quarter as analysts had hoped, more than $66bn of Apple’s value has been wiped due to fear that popularity has peaked.
After Apple failed to sell as many iPhones in its third quarter as analysts had hoped, more than $66bn of Apple’s value has been wiped due to fear that popularity has peaked.
Apple sold 47.5m iPhones in the third quarter which is up 35% on the same period last year – but the number was short of analysts’ expectations of 48.8m. iPad sales fell 18% to 10.9m, the sixth consecutive quarter of declines, while Apple sold 4.8m Macs, up 8.7%.
Apple expects to see revenues of between $49bn and $51bn in its fourth quarter – less than the $51.1bn forecast by analysts.
Apple shares fell 8.8% in after-hours trading, after closing down 1% at $130.75, reports The Telegraph.
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