Apple Earnings Beat Despite Coronavirus Headwinds; AAPL Stock Wavers
Summary
Consumer electronics behemoth Apple (AAPL) late Thursday beat Wall Streets targets for its coronavirus-impacted March quarter. Apple did not issue guidance for the current quarter in its news release or on a conference call with analysts. Wall Street is predicting Apple earnings of $2.07 a share on sales of $51.54 billion for the June quarter. This unit includes wearables like the Apple Watch, AirPods wireless earbuds and Beats headphones. Then Apple closed its retail stores, starting in China, as governments issued social distancing and stay-at-home guidelines.
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Apple Inc.
$1B+