disappointment last night’s quarterly disclosure is to touch and feel of Apple management. The market sends a unanimous thumbs down
- Apple ended down 7.91 percent to $ 506.95 share
Wallpaper is 40 billion dollars, writes borsen.dk.
Thus, the total market capitalization of Apple 452 billion dollars. There is scant forty million more than the Exxon still the second largest.
Monday night it was announced that Tim Cook and the rest of Apple has amassed $ 13.1 billion in profits in its second quarter. It is about the same as the company had in the corresponding period last year.
Apple’s flagship iPhone sold 51 million copies, while it was expected that the company would enroll 55 million sold smartphones.
Analysts pointed out that Apple is struggling to conquer market share in emerging markets, and facing fierce competition from cheaper smartphone editions.
– High-end market is saturated. Apple is now being forced to rethink its approach to the market, says analyst at Gartner Inc. Van Baker, to Bloomberg.
- See also: “brutal” for Apple
Thus ended trading on Wall Street Tuesday:
- Dow Jones index up 0.57 percent to 15,902.61 points
- Composites Nasdaq up 0.35 percent
- S & P 500 up 0.61 percent
Positive expectations for Yahoo
After Wall Street has closed, it is expected that Yahoo will present their quarterly results. According to the current exchange rate to judge, it is expected that Marissa Mayer will document solid figures.
- Yahoo ended up 4.28 percent
Several macro-economic bright spots
Tuesday starts marketing committee of the Federal Reserve’s two-day meeting on monetary policy in the world’s largest economy.
Orders for long-lasting U.S. manufactured goods fell unexpectedly to 4.3 percent in December. The decline was the largest since July 2013, writes Reuters.
same time there are reports on the positive side that consumer confidence reached a femmånedersrekord in January, and that house prices had their biggest annual increase in November in almost eight years.
– This is not news that says the economy has lost its upward momentum, says Chris Rupkey, financial economist at Bank of Tokyo-Mitsubishi UFJ in New York, told Reuters.
See also:
- Wall Street baddie buy even more Apple
- Seems to be a dark day for Apple
- Belief in brackets holiday shopping for Apple
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