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Apple s cautious outlook looms over US$111B sales haul

Apple s cautious outlook looms over US$111B sales haul Mark Gurman, Bloomberg News Apple Inc. shares slid 2.9 per cent in premarket trading Thursday after a cautious outlook from executives overshadowed quarterly revenue that topped US$100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier. Overall, however, analysts saw the earnings report as a positive. RBC Capital Markets analyst Rober Muller wrote in a note that the market’s expectations were “elevated” coming into the numbers, but Apple “delivered on all fronts.”

Apple s cautious outlook overshadows $111 billion sales haul

El Intransigente Apple’s cautious outlook overshadows $111 billion sales haul IPhone revenue reaches $65.6 billion in sign of «super cycle». Company sees slower Wearables, AirPods and Services growth. Compártelo: 28 enero, 2021 Apple Inc. shares fell more than 3% in extended trading after a cautious outlook from executives overshadowed quarterly revenue that topped $100 billion for the first time. While the company didn’t provide an official forecast for the fourth quarter in a row, executives said sales growth from AirPods and other wearables will decelerate in the current quarter. They also warned that Services sales in the period will face tougher comparisons with a year earlier.

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