Apple’s blowout earnings didn’t help its stock, and here’s why

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Apple’s blowout earnings didn’t help its stock, and here’s why

MarketWatch2021-07-28

Apple shares fell 1.5% in premarket trading. CFO suggests that sales growth will slow overall and in the hot services sector, sending shares lower in after-hours trading despite stunning beat in ...

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Francislch
·2021-07-28
?
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1
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Lance_Neo
·2021-07-28
Hold Apple
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2
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- GinOng:
  Agree
  2021-07-28
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blkgoat00
·2021-07-28
[捂臉] [捂臉] [捂臉]
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1
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Orez13
·2021-07-28
Yet they are still selling n out of stocks..
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- schsch:
  ?
  2021-07-28
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Yimyim
·2021-07-28
It’s the anticipation that drives up the stock pricethen falls flat in spite of positives.
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- xnubxReplying toYimyim:
  mystery of the market lol
  2021-07-29
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- Yimyim:
  Yes we would have thought that’s the Way of business but well?
  2021-07-28
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- xnubx:
  shouldn't the anticipation that drive up the price sustain with good results?
  2021-07-28
  Reply
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erichosk
·2021-07-28
The peak is over.
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RICHSG2021
·2021-07-28
Book profit
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3
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MireyaMiya万亿丰
·2021-07-28
Apple still good!!
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6
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JonathanRio
·2021-07-28
Apple said the same thing last quarter about uncertain outlook with blowout earning. Is the outlook is the reason for the drop in price? What is the advantage of apple telling the outlook is dark?
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Minion
·2021-07-28
Oh no!
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Niknaks
·2021-07-28
Really how can this be??
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ev008
·2021-07-28
Please like and comment. Thank you
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- Minion:
  liked
  2021-07-28
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KKSV
·2021-07-28
All tech stock went down after earning reports
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- Tiffany81:
  Yes
  2021-07-28
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AyePwint
·2021-07-28
Yes
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天下无双争霸天下
·2021-07-28
Time to buy
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- Shishir:
  really. you target?
  2021-07-28
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AyePwint
·2021-07-28
Tell me your opinion about this news...
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JY1980
·2021-07-28
Hi
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- Aun9:
  Hi
  2021-07-28
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MarkSL
·2021-07-28
They’re still strong no matter what ..
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Tavanvinh
·2021-07-28
Hello
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Bluelight7
·2021-07-28
Seem like market already price in the good news
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BLOOMBERG NEWS\nApple Inc.’s whopping fiscal third quarter was overshadowed by the company’s forecast for slowing growth Tuesday, putting a damper on its record results and sending shares south.\nApple reported its strongest June quarter ever on Tuesday, with a near doubling of its profits and a whopping iPhone beat— iPhone revenue surpassed Wall Street’s expectations by a stunning $5 billion. But the celebration came to a crashing halt when Apple Chief Financial Officer Luca Maestri said in a conference call that the company’s revenue growth would slow in the current quarter due to foreign exchange rates, the semiconductor shortage and tougher comparisons with the previous year.\n“We expect very strong double-digit year-over-year revenue growth during the September quarter,” Maestri said, while continuing to avoid exact revenue guidance due to uncertainty related to the COVID-19 pandemic. “We expect revenue growth to be lower than our June quarter year-over-year growth of 36%.”\nApple’s shares had gained in after-hours trading to that point, but immediately fell back and ultimately ended the extended trading session with a 2% decline.\nBeyond overall revenue, Maestri also warned about one of Apple’s hottest businesses and declined to give any hints about prolonged declines in sales growth.\n“We expect our services growth rate to return to a more typical level,” Maestri said, referring to Apple’s services business, which reached record-high revenue in the quarter by growing 33% to $17.5 billion.\nThat growth rate also benefited from a favorable comparison as certain services were significantly impacted by the very beginning of the COVID-19 lockdowns a year ago, he added.\n“We expect significant growth in services, but not to the level that we’ve seen in June,” he said in response to a question about the company’s guidance.\nWhen asked about the upcoming holiday period, and whether the semiconductor and component shortage would have an impact on what is typically Apple’s biggest quarter, Maestri said he only wanted to talk about one quarter at a time. 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And as the delta variant continues to create uncertainty about the path of the COVID-19 pandemic, there is even more uncertainty ahead\nAs Cook phrased it Tuesday, “the road to recovery will be a winding one.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":803743826,"gmtCreate":1627467692265,"gmtModify":1703490521572,"author":{"id":"3568698679967882","authorId":"3568698679967882","name":"Francislch","avatar":"https://community-static.tradeup.com/news/f01918ca54f79c375bee8d3dde0db518","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3568698679967882","authorIdStr":"3568698679967882"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803743826","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":803794461,"gmtCreate":1627462230253,"gmtModify":1703490428070,"author":{"id":"3574885191575365","authorId":"3574885191575365","name":"Lance_Neo","avatar":"https://static.tigerbbs.com/52542b76828d058b227c8d7c5393f75e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574885191575365","authorIdStr":"3574885191575365"},"htmlText":"Hold Apple&nbsp;","listText":"Hold Apple&nbsp;","text":"Hold Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803794461","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5357161,"gmtCreate":1627465911014,"gmtModify":1663231617150,"authorId":3585489224255758,"author":{"id":3585489224255758,"idStr":"3585489224255758","authorId":3585489224255758,"name":"GinOng","avatar":"https://static.tigerbbs.com/dbc4f4af938fe9cbc71173da2486f50b","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a 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[捂臉] [捂臉]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803703055","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":803475533,"gmtCreate":1627460735522,"gmtModify":1703490396770,"author":{"id":"3587042209039901","authorId":"3587042209039901","name":"Orez13","avatar":"https://static.tigerbbs.com/ea1ebf9ecffe0d0f5783daf8a548e87b","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":9,"crmLevelSwitch":1,"idStr":"3587042209039901","authorIdStr":"3587042209039901"},"htmlText":"Yet they are still selling n out of stocks..","listText":"Yet they are still selling n out of stocks..","text":"Yet they are still selling n out of stocks..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803475533","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5356524,"gmtCreate":1627460961598,"gmtModify":1663231613926,"authorId":3575927670533252,"author":{"id":3575927670533252,"idStr":"3575927670533252","authorId":3575927670533252,"name":"schsch","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":803475533,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":803473971,"gmtCreate":1627460464793,"gmtModify":1703490389487,"author":{"id":"3585740155976241","authorId":"3585740155976241","name":"Yimyim","avatar":"https://static.tigerbbs.com/132cfc1b0cf215d422e5277c1976e8e8","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3585740155976241","authorIdStr":"3585740155976241"},"htmlText":"It’s the anticipation that drives up the stock pricethen falls flat in spite of positives.&nbsp;","listText":"It’s the anticipation that drives up the stock pricethen falls flat in spite of positives.&nbsp;","text":"It’s the anticipation that drives up the stock pricethen falls flat in spite of positives.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/803473971","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5369947,"gmtCreate":1627565851505,"gmtModify":1663231674832,"authorId":3561423443372929,"author":{"id":3561423443372929,"idStr":"3561423443372929","authorId":3561423443372929,"name":"xnubx","avatar":"https://static.tigerbbs.com/6f39797fc5c6bba66d7252326b6668d5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3585740155976241,"repliedAuthor":{"id":3585740155976241,"idStr":"3585740155976241","authorId":3585740155976241,"name":"Yimyim","avatar":"https://static.tigerbbs.com/132cfc1b0cf215d422e5277c1976e8e8","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":803473971,"type":1,"supId":5356498,"prevId":5357666,"content":"mystery of the market <u>lol</u>","text":"mystery of the market <u>lol</u>","html":"mystery of the market <u>lol</u>"},{"id":5357666,"gmtCreate":1627470495800,"gmtModify":1663231618028,"authorId":3585740155976241,"author":{"id":3585740155976241,"idStr":"3585740155976241","authorId":3585740155976241,"name":"Yimyim","avatar":"https://static.tigerbbs.com/132cfc1b0cf215d422e5277c1976e8e8","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":803473971,"type":1,"supId":5356498,"prevId":0,"content":"Yes we would have thought that’s the Way of business but well?","text":"Yes we would have thought that’s the Way of business but well?","html":"Yes we would have thought that’s the Way of business but well?"},{"id":5356498,"gmtCreate":1627460839344,"gmtModify":1663231613128,"authorId":3561423443372929,"author":{"id":3561423443372929,"idStr":"3561423443372929","authorId":3561423443372929,"name":"xnubx","avatar":"https://static.tigerbbs.com/6f39797fc5c6bba66d7252326b6668d5","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":803473971,"type":1,"supId":0,"prevId":0,"content":"shouldn't the anticipation that drive up the price sustain with good results?","text":"shouldn't the anticipation that drive up the price sustain with good results?","html":"shouldn't the anticipation that drive up the price sustain with good results?"},{"id":5356476,"gmtCreate":1627460686252,"gmtModify":1663231612827,"authorId":3562475148249558,"author":{"id":3562475148249558,"idStr":"3562475148249558","authorId":3562475148249558,"name":"Stingers","avatar":"https://static.tigerbbs.com/c99c07f753850d085aa23040bff2acf8","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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peak is over.","listText":"The peak is over.","text":"The peak is over.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803447937","repostId":1195067283,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":803445266,"gmtCreate":1627460252555,"gmtModify":1703490383194,"author":{"id":"4089003739432960","authorId":"4089003739432960","name":"RICHSG2021","avatar":"https://community-static.tradeup.com/news/f8045e61c946c3076a0093ff550bf9c5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089003739432960","authorIdStr":"4089003739432960"},"htmlText":"Book profit","listText":"Book profit","text":"Book 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