Apple Shares Dip In Pre-Market Trading: What's Going On
Portfolio Pulse from Pooja Rajkumari
Apple's shares fell 2.03% in pre-market trading due to weak sales growth guidance for the December quarter, despite slightly surpassing earnings expectations. Concerns include declining revenue from China amid competition and a market adjustment to Apple's financial forecast.
November 01, 2024 | 1:00 pm
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Apple's shares dropped 2.03% in pre-market trading due to weak sales growth guidance for the December quarter. Despite surpassing earnings expectations, concerns over declining revenue from China and market adjustments to financial forecasts impacted the stock.
The decline in Apple's stock is directly linked to the company's guidance for lower sales growth, which has raised investor concerns. The impact is compounded by declining revenue from China, a key market, and market adjustments to Apple's financial forecast.
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