Apple (AAPL) witnessed the third straight quarter of falling sales amid an industry-wide slump that has dampened demand for its products, and it predicted another drop in sales in the September quarter. But the recent release of its iPhone 15 lineup could set the company on a growth path. Amid this, how should investors approach AAPL stock by the month-end? Read on to know more….
Consumer electronics giant Apple Inc. (AAPL) reported fiscal 2023 third-quarter earnings of $1.26 per share, beating Wall Street analysts’ estimate of $1.19 per share, while its revenue of $81.80 billion matched the consensus estimate. However, the company’s revenue fell 1.4% year-over-year, marking three consecutive quarters of declining sales.
