Apple stopped giving actual financial forecasts early in the pandemic and has yet to resume, though it typically offers some qualitative comments about the ongoing quarter.
Photo: Michael Kuenne/Zuma PressWinter has come early for Apple , and it might last a while.
The world’s largest company by market value has become worth considerably less over the past three months.
Apple’s share price has slid 11% since the company reported its fiscal third-quarter results on Aug. 3, erasing nearly $400 billion in market value.
It is hardly a typical swing given the fact that the company has long used the fall season to launch its biggest products for every year, including new iPhones.
Persons:
Apple, Michael Kuenne
Organizations:
Apple