Why Apple (AAPL) Shares Are Sliding Today [Yahoo! Finance]
Apple Inc. (AAPL)
Last apple inc. earnings: 4/30 04:30 pm
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Source: Yahoo! Finance
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 3.2% in the afternoon session after UBS cut its iPhone sales estimates for Q4 2024. Analyst David Vogt expects iPhone revenue to fall 5%, year on year, below consensus expectations. Separately, there are reports that Apple will be offering discounts to customers in China from January 4 to 7, 2025, amid heightened competition, further dampening the sales outlook. The shares closed the day at $243.84, down 2.6% from previous close. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Apple? Access our full analysis report here, it's free What The Market Is Telling Us Apple's shares are quite volatile and have had 16 moves greater than 2.5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest mov
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AAPL
Earnings
- 10/31/24 - Beat
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Sec Filings
- 1/3/25 - Form 8-K
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- AAPL's page on the SEC website