Why Apple Stock Fell in After-Hours Trading Today
Shares of Apple (NASDAQ: AAPL) declined by more than 5% after the market close on Thursday, following the tech titan's fourth-quarter earnings release.
Apple's revenue rose 1% year over year to $64.7 billion. With more people working and learning from home during the coronavirus crisis, Apple's Mac and iPad sales rose 29% and 46%, respectively. "From remote learning to the home office, Apple products have been a window to the world for users as the pandemic continues, and our teams have met the needs of this moment with creativity, passion, and the kinds of big ideas that only Apple can deliver," CEO Tim Cook said in a press release.
After rising earlier in the day, Apple's shares sold off in after-hours trading. Image source: Getty Images.
Source Fool.com
