156.23 -0.02 (-0.01%)
After hours: 6:17PM EDT
|Bid||156.15 x 600|
|Ask||156.24 x 1300|
|Day's Range||155.96 - 157.75|
|52 Week Range||104.08 - 164.94|
|PE Ratio (TTM)||17.74|
|Forward Dividend & Yield||2.52 (1.61%)|
|1y Target Est||N/A|
Apple (AAPL), the high-flying darling of Wall Street that’s up more than 35% so far this year, took a hit this week as traders digested reports of weak demand and production cuts for the iPhone 8. A Taiwan-based newspaper reported Apple slashed orders for the iPhone 8 and iPhone 8 Plus by about 50% for November and December, prompting some investors to question whether Apple will report disappointing sales for the current quarter. And comments from the chief executive of Rogers Communications, Canada’s largest wireless carrier, did little to calm traders’ fears of soft demand. Shares of Apple tumbled on the news, with the stock recording its biggest drop in two months.
According to a new report from KGI Securities analyst Ming-Chi Kuo, Apple is still facing supply chain constraints for the upcoming iPhone X.
When Apple announced its partnership with GE this week, it would have been easy to dismiss it as another random collaboration from a company people don't generally associate with the enterprise.
Yahoo Finance's Seana Smith is tracking Apple, Nike and PayPal in intraday trading on Thursday.
Facebook Inc. is testing paywalls and subscriptions for Instant Articles in a bid to boost its relationships with publishers. The Menlo Park-based social media company subscription experiment includes a small group of publishers across the U.S. and Europe.
A respected Apple analyst thinks the company will have shipped only 2 million to 3 million units of its highly anticipated iPhone X smartphone for its global launch on Nov. 3.
Shares in Apple, Cisco Systems and other cash-rich companies were up Friday after Senate Republicans approved a 2018 budget.