Analysts have been outlining four reasons why AAPL stock is up on yesterday’s close despite its warning of dramatically lower revenue in Q1 being borne out in yesterday’s earnings announcement – and weak guidance for Q2.
Apple yesterday reported revenue of $84.3B, down almost $4B year-on-year, and offered Q2 guidance of $55-59B, compared to $61.1B in the same quarter last year. Despite this, however, AAPL stock opened 6% up on yesterday’s close …
more…
