Shares of $AAPL ended the regular trading day at $222.22, a gain of $3.36 (+1.54%), on heavy volume of 56.1 million shares trading hands.
Apple traded at $206.46 in the after hours market, a loss of $15.76 (-7.09%). Trading in the after hours market is often amplified compared to regular trading sessions, but that’s a significant sell-off for $AAPL.
Apple reported record September quarter revenues of $63.9 billion, with record earnings of $14.2 billion. This compares to $52.6 billion in the September quarter of 2017, with earnings of $10.7 billion.
Also has to do with Apple shocking announcement that it will stop reporting on iPhone unit sale numbers, which reeks of desperation to hide flattening unit sales volume. Not good.
As opposed to the moronic iPhone forecasts of doom from analysts? Good move on Apple’s part, Wall Street was too obsessed with the iPhone as the single indicator of Apple’s health, totally ignoring everything else that’s growing faster than anything else in the tech industry.
AFAIK, their announcement included iPhones, iPads, and Macs, so it’s a fairly sizeable transparency reduction.