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Apple Misses Earnings and Revenue Estimates. The Stock Is Flat.

February 2, 2023
in Business
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Apple

reported disappointing results for the December quarter, missing Wall Street estimates for both revenue and profits.

Sales in the iPhone, Mac and wearables segments, in particular, were well short of expectations, raising new questions about how well demand for Apple products—and other consumer electronics goods—will hold up in the face of softening consumer spending and a weakening macroeconomic environment.

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Tags: AppleEarningsEstimatesFlatMissesrevenuestock
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