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Apple has reported slumping iPhone sales in its second quarter 2024 earnings results, as well as a drop in overall revenue. The American tech giant reported that demand for its iPhones has dropped 10% during the first three months of the year, with only Europe experiencing an increase. China in particular experienced a considerable 8% drop, which isn't ideal from the world's second largest smartphone market. Given this disappointing smartphone performance, and Apple's continuing reliance...
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Apple reversed its stock trajectory for the year in 30 minutes
Apple stock was having a tough year after some early gains -- until investors erased the loss after Thursday's earnings report. Apple's share price has risen following its latest earnings report Investment firm Bernstein was right when it told clients to buy Apple stock because it was at an attractive low price. At the close of trading on Thursday, Apple's shares were at $173.03 In aftermarket trading, they have increased. A lot. At time of writing, the share price is $185.75 and...
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Cybersecurity stocks drop as Fortinet, Cloudflare results disappoint
Shares in major cybersecurity services providers slipped in Thursday afterhours trade after sector names Fortinet (NASDAQ:FTNT) and...