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Apple's stock price may see the biggest drop after earnings report in 13 years, with market value potentially evaporating by $460 billion
10 hour ago /
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Author：小编
Investors reacted negatively to Apple's weak earnings guidance in its earnings report, with the stock price falling as much as 9.3% in early trading on Friday. Apple stated that high memory prices and supply chain constraints are expected to drag down profit margins. The company anticipates a gross margin of 47% to 48% for the September quarter, down from around 50% in the June quarter, even after factoring in the positive impact of tariff refunds of approximately 1 percentage point.
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