Apple shares came under a heavy selling pressure in the after-hours trading and lost more than 5% despite the upbeat third-quarter earnings data. For the quarter ended in September, Apple’s revenue was $62.9 billion compared to experts’ estimate of $65.1 billion while bringing in $2.91 per share in profits to beat the market expectation of $2.79. However, Apple’s Chief Executive Tim Cook said that sales in the last quarter of the year could fall short of Wall Street’s expectations amid weakness seen in emerging markets due to foreign exchange costs, which could have a $2 billion negative impact. Cook also told Reuters that he wasn’t sure whether they had the capacity to produce enough of the new iPhone, Mac, Ä°pad, and Apple Watch models that they recently unveiled. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE hawkish, but Brexit a risk – ANZ FX Street 4 years Apple shares came under a heavy selling pressure in the after-hours trading and lost more than 5% despite the upbeat third-quarter earnings data. For the quarter ended in September, Apple's revenue was $62.9 billion compared to experts' estimate of $65.1 billion while bringing in $2.91 per share in profits to beat the market expectation of $2.79. However, Apple's Chief Executive Tim Cook said that sales in the last quarter of the year could fall short of Wall Street's expectations amid weakness seen in emerging markets due to foreign exchange costs, which could have a $2 billion negative impact. Cook also… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
