INSUBCONTINENT EXCLUSIVE:
valuable public company fell 7.1 per cent on Friday after revealing stagnant iPhone sales and forecasting revenue for the holiday quarter
that fell short of Wall Street expectations at the midpoint
quarter, erased nearly $90 billion in market value
The market capitalization was about $983 billion at 10:40 a.m
are incrementally concerned that not all the weakness is captured in the near-term and we are likely to see further negative estimate
2, had a market value of $1.073 trillion at the close of trading on Thursday, according to data compiled by Bloomberg
The Cupertino, California-based company bought back 92.5 million shares during the quarter for about $19.4 billion, Chief Financial Officer
Luca Maestri said on the earnings call.
