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By Roger Fingas
Friday, January 25, 2019, at 13:07 Pacific Time (16:07 ET)
Apple's shares closed at $ 157.76 on Friday, recovering almost all of the lost value as a result of the deteriorating quality of the indication of the situation after a bombing on Jan. 2.
The stock closed at 157.92 dollars that day, but the announcement after Apple's working hours caused a mbadive sell-off on January 3, resulting in a stock price drop to 142.19 dollars. Although they rebounded to $ 148.26 on January 4, they have not exceeded $ 156.82 at the close of the markets since.
The company revealed that instead of the $ 89 to $ 93 billion in revenue initially forecast for the December quarter, it now expected to generate $ 84 billion, or at least $ 5 billion less. Chief Executive Officer Tim Cook blamed most of the sales on iPhone sales, saying it represented "all of our revenue losses in line with our expectations and much more than the decline in our revenues. 'year after year'.
He cited the Chinese market for the iPhone, but also factors such as "adverse barriers to exchange rates," less operator subsidies and "the economic weakness of some emerging markets."
Disturbing some people, he indicated that some people were benefiting from a temporary reduction on battery upgrades, instituted to apologize for limiting the performance of the iPhone without consent. The company would have seen at least 11 times more upgrades than expected.
The rebound in Apple's shares comes just days before the official announcement of its results for the December quarter, January 29th. Investor reaction is uncertain – at least one company, Morgan Stanley, has urged investors to buy shares now, arguing that the price of shares is unlikely. go much lower.
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