27.04.2016 15:48 Uhr, Quelle: 9to5Mac

Following earnings decline, AAPL opens down 8%, market cap shrinks by $40 billion

Following Apple’s earnings results last night, where it posted its first YOY quarterly revenue decline since 2003, AAPL has opened down more than 8% far below the $100 mark. Apple reported revenue of $50 billion (compared against $58 billion in the year-ago quarter), on sales of 51.1 million iPhones, 10.2 million iPads and 4 million Macs. The stock price fall means over 40 billion dollars of market cap value has been erased overnight. Market capitalization is the approximate value of the company, a multiple of the stock price and number of shares. more…Filed under: AAPL Company Tagged: AAPL, Apple, iOS

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