Apple shares fall amid concerns over profitability despite strong iPhone and Mac sales
AAPL Apple Inc
$350.69 +2.43%
View chart & analysis → - 1Apple's iPhone sales rose 17% to $57.58 billion.
- 2Apple's Mac sales reached $10.79 billion, achieving a 24% year-over-year increase.
- 3Apple shares declined due to concerns over gross margin pressure and slowing services revenue growth.
So what's the key point?
Apple's iPhone and Mac sales increased. However, the stock price fell due to fears that profits might decrease and services revenue growth might slow down.
Source The Motley Fool +1 · View original ↗
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