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Apple share price slide in the red: sales and profits of the iPhone manufacturer below expectations

2023-02-02T22:06:06.916Z


For the first time in seven years, iPhone maker Apple's quarterly results fell short of Wall Street's expectations. The corona restrictions in China contributed to the fact that both sales and profit were below expectations...


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Apple: production problems in China

Photo: WU HAO / EPA-EFE

For the first time in seven years, iPhone maker Apple's quarterly results fell short of Wall Street's expectations.

The corona restrictions in China contributed to the fact that both sales and profit fell short of expectations.

Earnings per share fell to $1.88.

Apple stock fell about 5 percent after the US market closed.

The Apple share presented itself as weak as the US tech giants Amazon and Alphabet, which also disappointed investors with their quarterly figures.

la/dpa

Source: spiegel

All news articles on 2023-02-02

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