News

Published on 27 Jul 2021 on Market Watch

Opinion: Apple’s blowout earnings didn’t help its stock, and here’s why



Apple Inc.’s whopping fiscal third quarter was overshadowed by the company’s forecast for slowing growth Tuesday, putting a damper on its record results and sending shares south.

Apple — iPhone revenue surpassed Wall Street’s expectations by a stunning $5 billion. But the celebration came to a crashing halt when Apple Chief Financial Officer Luca Maestri said in a conference call that the company’s revenue growth would slow in the current quarter due to foreign exchange rates, the semiconductor shortage and tougher comparisons with the previous year.

NASDAQ.AAPL price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Apple Inc. stock outperforms competitors on strong trading day

Shares of Apple Inc. rose 1.69% to $145.85 Wednesday, on what proved to be an all-around great tr...

Market Watch 22 Sep 2021

The 2 FAANG Stocks Underperforming the S&P 500 Year to Date By StockNews

Although the stock market has been able to hold on to steady gains so far this year, FAANG...

Investing.com 22 Sep 2021

Facebook stock falls after exec highlights impacts from Apple privacy changes

Shares of Facebook Inc. were falling Wednesday after the social-media company highlighted that “p...

Market Watch 22 Sep 2021

Najarian Sees Massive Put Buying In Facebook—Here's How He's Playing The Stock

The sell-off in Facebook Inc (NASDAQ: FB) stock is accelerating Wednesday as shares tumble to new...

Benzinga 22 Sep 2021

Zacks.com featured highlights include: Gartner, Apple, Landstar System and KLA Corp

For Immediate Release Chicago, IL – September 22, 2021 – Stocks in this week’s article are Gartne...

Zacks via Yahoo Finance 22 Sep 2021

Is Apple Inc. (AAPL) A Good Stock To Buy?

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront w...

Insider Monkey via Yahoo Finance 21 Sep 2021

Apple Inc. stock outperforms market despite losses on the day

Shares of Apple Inc. slid 2.14% to $142.94 Monday, on what proved to be an all-around grim tradin...

Market Watch 20 Sep 2021

Top Analyst Reports for Apple, Thermo Fisher & Royal Dutch Shell

Monday, September 20, 2021 The Zacks Research Daily presents the best research output of our anal...

Zacks via Yahoo Finance 20 Sep 2021

Netflix, Apple Lead the Pack as Streaming Video Dominates Emmys

Netflix Inc. took home 44 awards while Apple Inc. had more wins than any major broadcast network ...

Bloomberg 20 Sep 2021

Is Apple a Buy After Its Annual Event?

Amid much fanfare, Apple Inc. (NASDAQ:AAPL) unveiled a number of new products that will hit shelv...

InvestorPlace 20 Sep 2021