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Apple shares drag on Wall St after iPhone sales slide
Apple shares drag on Wall St after iPhone sales slide
Apple shares drag on Wall St after iPhone sales slideUpdatedUS stocks ended mixed as Apple shares pulled down the S&P500 and Nasdaq after the IT giant reported a fall in quarterly profit and revenue because of a drop in iPhone sales.Markets at 9:00am (AEDT): ASX SPI 200 futures +0.2pc to 5,340AUD: 76.42 US cents, 62.41 British pence, 79.87 Japanese yen, 70.03 euro cents, $NZ1.0684US: S&P 500 -0.2pc to 2,139, Dow Jones +0.2pc to 18,199, Nasdaq -0.6pc to 4,861Europe: Euro Stoxx -0.2pc to 331, FTSE -0.9pc to 6,958, DAX -0.4pc to 10,710Commodities: Gold -0.1pc to $US1,266/ounce, Brent crude oil -1.7pc to $US49.95/barrel, iron ore $US62.70/tonneApple shares lost 2.2 per cent to $US115.59 after the company admitted yesterday it was struggling to keep up with strong demand for the new iPhone 7.The IT giant seems to have leaked pictures of its next generation laptop ahead of the launch of the new Macbook Pro tonight.
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Apple shares drop as iPhone sales fall again, revenue declines for first time in 15 years
Apple shares drop as iPhone sales fall again, revenue declines for first time in 15 years
Apple shares drop as iPhone sales fall again, revenue declines for first time in 15 yearsPostedFalling iPhone sales have taken a bite out of Apple's earnings and revenue with earnings down by nearly a third in Greater China, which is seen as Apple's big growth market.Key points: iPhone sales drop to 45.5m in September quarter compared with 48m a year earlierApple's annual profit falls to $US45.6 billion, the first decline since 2001Company's shares fall 2.6pc in after hours tradeApple sold 45.5 million iPhones over the quarter compared to just over 48 million in the September 2015 quarter with a drop in revenue in both China and the Americas.Despite the fall in sales, the figures were better than analysts predicted.
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Apple posts its first revenue decline in 15 years as iPhone sales fall
Apple posts its first revenue decline in 15 years as iPhone sales fall
Apple's annual revenue has fallen for the first time since 2001, reflecting the slowdown in iPhone demand in a saturating smartphone market as well as intensifying competition, particularly from Chinese rivals.The tech giant's shares declined 2.6 per cent in after-hours trading on Tuesday after the world's most valuable company reported its third quarter in a row of declining iPhone sales -- even though it beat Wall Street targets for its flagship product and forecast higher-than-expected revenue for the critical holiday shopping season.As iPhone demand is flagging, Apple executives pin their hopes on the new iPhone 7 to revive sales.
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