Apple shares fell 4.8% after the company shared its fiscal third-quarter earnings report, which projected a decline in revenue for the September quarter. This would be the company's fourth consecutive quarter of revenue decline. Despite beating expectations on profit and revenue, overall sales declined 1% due to lagging iPhone, iPad, and Mac sales. The stock's decline on Friday was its worst day in 2023 and its largest loss since September 29 last year. However, Apple's services division performed well, growing 8% and expected to grow even faster in the current quarter.
The post Apple Shares Fall most since September 2022 after third-quarter earnings report appeared first on Balanced News Summary.