Loading ...Apple Tumbles On Soft Guidance, iPhone Sales Miss; To Stop iPhone Unit Sales Data
Update: AAPL shares were already tumbling after hours on weak guidance and iPhone sales miss, when during the earnings call the stock was rocked lower when the company shocked investors with news that said it would stop providing unit sales numbers for iPhone, iPad and Mac.
While CFO Lucas Maestri “explained” on the earnings call that unit sales do not represent clear indication of a performance of the company and are less relevant, investors clearly disagreed and punished the stock, sending it back under the much discussed $1 trillion market cap.
https://www.zerohedge.com/news/2018-11-01/apple-slides-soft-guidance-iphone-sales-miss