Why Shares of Apple Are Falling Today
Shares of the iconic consumer tech giant (NASDAQ: AAPL) were trading nearly 2% lower at 12:05 p.m. ET today, after the company reported earnings results for its third quarter of fiscal year 2025. Shares had traded close to 3% higher earlier in the day before giving away the gains.
Apple reported strong quarterly results, with earnings per share of $1.57 and revenue over $94 billion, easily topping Wall Street analyst expectations. In fact, year-over-year revenue growth of 10% is the highest the company has seen since 2021. iPhone sales surpassed $44.5 billion, compared to consensus estimates of roughly $89.5 billion. Apple also had $800 million in costs in the quarter due to tariffs.
Source Fool.com
Apple Inc. Stock
€231.10
-0.540%
Currently there is a rather positive sentiment for Apple Inc. with 109 Buy predictions and 11 Sell predictions.
With a target price of 235 € there is a slightly positive potential of 1.69% for Apple Inc. compared to the current price of 231.1 €.
