Apple stock loses some sheen on disappointing iPhone sales

Apple Inc. quelled concern over lackluster iPhone demand with results showing that when consumers buy the phone, they’re willing to pay up for the most expensive model.

Apple Inc's hint of returning a ton of cash to shareholders was not enough to move investors who worried more about the iPhone maker's weak outlook amid reports of production cuts for its flagship iPhone X.

Source: Reuters

Apple shares rose 3.6% in extended trading Thursday after closing at $167.78.

All Sources: Los Angeles Times Reuters


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