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Apple forecasts rising costs, lower services; shares slip
Apple said memory-chip inflation will pressure holiday-quarter margins even after fiscal fourth-quarter sales topped estimates by $1.1 billion, according to LSEG.
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Business TimesApple forecasts rising costs, lower services; shares slip
SAN FRANCISCO, Nov 2 : Apple on Monday forecast lower gross margins for the crucial holiday quarter, citing rising memory-chip costs, and projected services revenue growth that fell well short of Wall Street expectations.Shares of the iPhone maker, which were little changed in after-hours trading after it rep
·Singapore, Singapore
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Bias Distribution
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R 50%
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