Stockreport
Why I Bought More Apple Stock Wednesday [Seeking Alpha]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Summary Introduction Here we go again. On Monday, one of Apple’s ( AAPL ) facial recognition suppliers, Lumentum (NASDAQ: LITE ), lowered its projections blaming reduced orders from a big customer. In addition, JP Morgan, Longbow Research , and analyst Ming Chi Kuo all see cuts in iPhone XR shipments with each having mixed opinions on whether iPhone XS or iPhone 8 will offset any declines. Monday wasn’t a great day for Apple after falling a whopping 5%. On Tuesday, Goldman Sachs downgraded Apple to $209 based on lower iPhone XR shipment expectations in favor of more affordable iPhones. Apple closed 1% lower to $192 on Tuesday, and as of writing this Wednesday, Apple is trading at $186 per share. That's lower than where it was trading in July prior to the earnings report that pushed Apple to its all-time high of $233. Apple’s stock is down more than 15% since its earnings report this month, indicating that investors believe it's in trouble. That's worse than Am
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- Apple Apologizes for iPad Pro Ad, Scraps Plan to Air It on TV [Yahoo! Finance][Yahoo! Finance]
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- Apple apologizes for iPad Pro 'Crush' ad, Ad Age says [Yahoo! Finance][Yahoo! Finance]
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