AAPL’s share price dropped by 11% since the company’s last earnings report in August, losing more than $400B in market capitalization. The fall is discussed a couple of days ahead of Apple’s next earnings report, on Thursday.
A new report notes that this is the first time in eight years that the company’s share price has dropped between WWDC and fiscal Q4 earnings report …
The world’s largest company by market value has become worth considerably less over the past three months […] It is hardly a typical swing given the fact that the company has long used the fall season to launch its biggest products for every year, including new iPhones.
To make matters worse, Apple’s old China-based rival Huawei appears to have made a comeback. The company launched a new smartphone called the Mate 60 Pro in September that reportedly is capable of 5G speeds, even though U.S. sanctions were supposed to deny the company the chips necessary for such an accomplishment.
Some investors may also be worried about the Google antitrust case, which could end the search giant’s huge annual payment to Apple for being the default search engine on iPhones and other devices.
That fear is likely misguided. As we noted earlier this month, although the payment makes up a very substantial proportion of Apple’s total profits, it’s likely that the iPhone maker would be able to…
There's something about the balminess of summer that makes you want to let loose. And the right soundtrack makes all the difference. Mixing hip-hop and R&B with Afrobeats, dancehall, and more, here’s a playlist to take you through those warm nights. Our editors regularly update this playlist, so if you hear something you like, add it to your library and keep the party going. Listen to Apple Music