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Apple falls more than 3.25% on the stock market despite exceeding sales expectations

Date: June 19, 2024 Time: 18:56:23

Apple shares fall. The multinational has fallen more than 3.25% just one hour after opening the New York Stock Exchange to 185 dollars (169 euros) per share. The fall has come after announcing a 1.4% lower turnover in its third fiscal year (between April and June 2023), up to 81,797 million dollars (74,756 million euros), for which it has become the value that more fell on the Dow Jones. In addition, Apple obtained a net profit of 19,881 million dollars (18,169 million euros) in its third fiscal quarter, which represents 2.25% more than the 19,442 million dollars (17,768 million euros) or the fiscal year former.

“Despite Apple’s revenue topping Wall Street estimates last quarter, demand for the iPhone was weaker than expected,” Bloomberg said.

By products, it is worth noting the 19% drop in iPad sales between April and June, to 5,791 million dollars (5,292 million euros), which contrasts with the 8.2% increase in revenue from services of the multinational, up to 21,213 million dollars (19,387 million euros).

In addition, in the first nine months of its fiscal year, which began in October 2022, the technology company obtained profits of 74,039 million dollars (67,666 million euros), 6.37% less in the same fiscal period compared to the previous year. previous year, while its sales also fell by 3.4%, to 293,787 million dollars (268,500 million euros).

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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