Apple warns supply constraints will impact iPhone and iPad, shares fall
Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal
Here's Why Apple Stock Jumped to a New All-Time High Wednesday
Shareholders could be in store for even more gains.Shares of $Apple$ climbed to a record high on Wednesday, following bullish analyst commentary and reports of substantially higher iPhone production rates. As of 2 p.m. EDT, the stock's price was up more than 2%, which placed Apple's market capitalization at a staggering $2.5 trillion.Apple is expected to debut its latest-generation iPhones in September. Upgraded processors, displays, and cameras should all help to add to the device's allure amon