Apple stock falls 4 percent, goes negative for the year [CNBC]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations:
investor.apple.com
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Source: CNBC
show chapters A wave of negative sentiment on Apple sent the company's stock sinking on Friday. The stock was the worst-performing in the Dow Jones industrial average and ultimately closed down 4 percent. That left the stock off 2 percent on the year. It fell Friday morning after Morgan Stanley predicted that the company's iPhone sales will fall nearly 10 million below Wall Street's forecast. Another analyst predicted that the company's iPhone X will be killed off this year after Apple's suppliers reported inventory issues and poor earnings — though not all analysts agree with that assessment. Jitters ahead of iPhone X sales results The stakes are high for Apple as it fights to keep its place as the most valuable public company in the business world. The iPhone giant reports quarterly earnings on May 1, by which time iPhone X sales should be baked in to its results. Apple doesn't usually release sales numbers of individua
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