NasdaqGS:AAPLTech
Apple (AAPL) Stock Price Drops As Margin Debate Intensifies
Apple stock just absorbed a sharp reality check, dropping about 7% to US$308.91 after the latest results, even though the quarter put fresh numbers behind the long running profit story. Revenue reached US$109.4b and earnings per share came in at about US$2.03, both tied to what management called a record June quarter.
The market focused on the hit to the share price today. Longer term investors will be watching something else: Apple’s margin profile, helped this time by tariff refunds and a...