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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.” ....

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VMware stock drops over 7% after news that CEO Pat Gelsinger will head to Intel


VMware stock drops over 7% after news that CEO Pat Gelsinger will head to Intel
Will DanielJan 14, 2021, 05:52 IST
Former VMware CEO Pat GelsingerVMware
Shares of VMware, Inc. slipped over 7% Wednesday on news the company s CEO
Pat Gelsinger is headed to Intel.
Gelsinger will be replaced by CFO Zane Rowe in the interim while the board and majority stakeholder Dell Technologies decide on a replacement.
Michael
Dell, Chairman of the Board at VMware, commented on Gelsinger s departure, saying, I speak for the
VMware Board of Directors, executive management and employees in expressing our gratitude to Pat for his leadership at VMware, and we are thrilled to keep him on as a member of the Board. ....

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