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Apple shares have fallen 11% since the last earnings report.

Shulou Source: shulou.com Published: 2023-11-24 21:40:21 10月02日 Update

CTOnews.com, Nov. 1-Apple's share price has fallen 11% since its last earnings report in August, reducing its market capitalization by more than $400 billion (CTOnews.com Note: currently about 2.93 trillion yuan). Apple will release its new quarterly results on Thursday, a decline that has attracted attention.

This is the first time in eight years that Apple's share price has fallen between the WWDC (Global developers Conference) and its fourth-quarter results, according to a new report. This is unusual, according to the Wall Street Journal.

The performance of Apple's share price after this week's results will depend in part on the company's quarterly results and on the company's expectations for its holiday quarterly sales. Wall Street expects iPhone's revenue to grow 6.4% year-on-year in the fourth quarter and 2.7% in the third quarter.

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